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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Bibliographic Details
Main Author: Kohl, Richard (Author)
Other Authors: O'Brien, Paul (Contributor)
Format: Electronic eBook
Language:English
Published: Paris OECD Publishing 1998
Series:OECD Economics Department Working Papers no.200
Subjects:
Online Access:DE-862
DE-863
Summary: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." ...
Physical Description:1 Online-Ressource (48 Seiten) 21 x 29.7cm.

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