The Macroeconomics of Ageing, Pensions and Savings: A Survey

The effect of pension systems on public and private saving is important - savings are a crucial link between decisions today and living standards tomorrow. This paper, following a brief overview of pension systems in some OECD countries, reviews the empirical literature. Two important questions are:...

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Bibliographische Detailangaben
1. Verfasser: Kohl, Richard (VerfasserIn)
Weitere Verfasser: O'Brien, Paul (MitwirkendeR)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Paris OECD Publishing 1998
Schriftenreihe:OECD Economics Department Working Papers no.200
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Zusammenfassung:The effect of pension systems on public and private saving is important - savings are a crucial link between decisions today and living standards tomorrow. This paper, following a brief overview of pension systems in some OECD countries, reviews the empirical literature. Two important questions are: do unfunded public pension schemes reduce national saving? Do tax-favoured private saving schemes increase national saving? Quantitative estimates are highly uncertain, but the answers appear to be, "yes, by up 30 per cent of the funding gap"; and "yes, but often not by very much when the fiscal effects are considered." ...
Beschreibung:1 Online-Ressource (48 p.) 21 x 29.7cm.
DOI:10.1787/687160618113

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