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 (-)
Other Authors: O'Brien, Paul
Format: eBook Section
Language:Inglés
Published: Paris : OECD Publishing 1998.
Series:OECD Economics Department Working Papers, no.200.
Subjects:
See on Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009706316806719
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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 resource (48 p. )