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Much Ado About Nothing? Demographic Bulges, the Productivity Puzzle and CCP Reform

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  • Emery, H.
  • Rongve, I.

Abstract

The future of Canada Pension plan, which is financed on pay-as-you-go principles (where current revenues are spent to meet current costs) , is far from certain. The purpose of this paper is to demonstrate in an overlapping generations framework how demographic factors not only affect taxes required to finance the prescribed benefits, but also affect wages

Suggested Citation

  • Emery, H. & Rongve, I., 1996. "Much Ado About Nothing? Demographic Bulges, the Productivity Puzzle and CCP Reform," Papers 70, Regina - Department of Economics.
    • Handle: RePEc:fth:regina:70
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    References listed on IDEAS

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    1. Summers, Lawrence H, 1993. "Keynote Speech: Population Problem Confronted by the World Economy: A Summary," Public Finance = Finances publiques, , vol. 48(Supplemen), pages 1-3.
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    4. Welch, Finis, 1979. "Effects of Cohort Size on Earnings: The Baby Boom Babies' Financial Bust," Journal of Political Economy, University of Chicago Press, vol. 87(5), pages 65-97, October.
    5. Laurence J. Kotlikoff, 1979. "Social Security and Equilibrium Capital Intensity," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 93(2), pages 233-253.
    6. Peter S. Yoo, 1994. "Boom or bust? the economic effects of the baby boom," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 13-22.
    7. Berger, Mark C, 1985. "The Effect of Cohort Size on Earnings Growth: A Reexamination of the Evidence," Journal of Political Economy, University of Chicago Press, vol. 93(3), pages 561-573, June.
    8. Burbidge, John B., 1983. "Social security and savings plans in overlapping-generations models," Journal of Public Economics, Elsevier, vol. 21(1), pages 79-92, June.
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    Cited by:

    1. Daniel Beland & John Myles, 2003. "Stasis Amidst Change: Canadian Pension Reform in an Age of Retrenchment," Social and Economic Dimensions of an Aging Population Research Papers 111, McMaster University.
    2. J.C. Herbert Emery, 2010. "Understanding the Political Economy of the Evolution and Future of Single-Payer Public Health Insurance in Canada," SPP Briefing Papers, The School of Public Policy, University of Calgary, vol. 3(2), February.
    3. William Scarth, 2003. "Population Aging, Productivity, and Growth in Living Standards," Quantitative Studies in Economics and Population Research Reports 380, McMaster University.
    4. William Scarth, 2003. "Population Aging, Productivity, and Growth in Living Standards," Social and Economic Dimensions of an Aging Population Research Papers 90, McMaster University.
    5. Susan A. McDaniel, 2003. "Toward Disentangling Policy Implications of Economic and Demographic Changes in Canada's Aging Population," Canadian Public Policy, University of Toronto Press, vol. 29(4), pages 491-509, December.

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    More about this item

    Keywords

    PENSION FUNDS; INCOME; TAXES;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J18 - Labor and Demographic Economics - - Demographic Economics - - - Public Policy
    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General

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