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Reforming pensions: lessons from economic theory and some policy directions

Author

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  • Barr, Nicholas
  • Diamond, Peter

Abstract

Pension systems have wide-ranging and important effects. They influence the living standards of older people and hence the welfare of both older people and their children. They can also affect national economic performance through potential effects on the labor supply and saving. The design of pensions therefore matters. In discussing the topic, this paper draws on two of our earlier works. It starts by setting out some central lessons from economic theory. Then we derive some policy implications of particular relevance to Latin America.
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Suggested Citation

  • Barr, Nicholas & Diamond, Peter, 2010. "Reforming pensions: lessons from economic theory and some policy directions," LSE Research Online Documents on Economics 123194, London School of Economics and Political Science, LSE Library.
  • Handle: RePEc:ehl:lserod:123194
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    File URL: http://eprints.lse.ac.uk/123194/
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    Cited by:

    1. Filipe Costa Souza & Wilton Bernardino & Silvio C. Patricio, 2024. "How life-table right-censoring affected the Brazilian social security factor: an application of the gamma-Gompertz-Makeham model," Journal of Population Research, Springer, vol. 41(3), pages 1-38, September.
    2. Lijian Wang & Daniel Béland, 2014. "Assessing the Financial Sustainability of China’s Rural Pension System," Sustainability, MDPI, vol. 6(6), pages 1-20, May.
    3. Douglas, R & MacCulloch, Robert, 2016. "Welfare: Savings not Taxation," Working Papers 31890, Department of Economics, The University of Auckland.
    4. Ianina Rossi, 2018. "Systematic Determinants of Pensions in Latin America," Documentos de Trabajo (working papers) 0818, Department of Economics - dECON.
    5. Gordana Matković & Katarina Stanić, 2020. "The Serbian Pension System In Transition: A Silent Break With Bismarck," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 65(225), pages 105-134, April – J.

    More about this item

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

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