Pension Reform, Private Saving, and the Current Account in a Small Open Economy:
Gespeichert in:
Bibliographische Detailangaben
Beteilige Person: Schimmelpfennig, Axel (VerfasserIn)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Washington, D.C International Monetary Fund 2000
Schriftenreihe:IMF Working Papers Working Paper No. 00/171
Links:http://elibrary.imf.org/view/IMF001/05187-9781451858495/05187-9781451858495/05187-9781451858495.xml
http://elibrary.imf.org/view/IMF001/05187-9781451858495/05187-9781451858495/05187-9781451858495.xml
http://elibrary.imf.org/view/IMF001/05187-9781451858495/05187-9781451858495/05187-9781451858495.xml
http://elibrary.imf.org/view/IMF001/05187-9781451858495/05187-9781451858495/05187-9781451858495.xml
http://elibrary.imf.org/view/IMF001/05187-9781451858495/05187-9781451858495/05187-9781451858495.xml
http://elibrary.imf.org/view/IMF001/05187-9781451858495/05187-9781451858495/05187-9781451858495.xml
http://elibrary.imf.org/view/IMF001/05187-9781451858495/05187-9781451858495/05187-9781451858495.xml
http://elibrary.imf.org/view/IMF001/05187-9781451858495/05187-9781451858495/05187-9781451858495.xml
http://elibrary.imf.org/view/IMF001/05187-9781451858495/05187-9781451858495/05187-9781451858495.xml
http://elibrary.imf.org/view/IMF001/05187-9781451858495/05187-9781451858495/05187-9781451858495.xml
http://elibrary.imf.org/view/IMF001/05187-9781451858495/05187-9781451858495/05187-9781451858495.xml
http://elibrary.imf.org/view/IMF001/05187-9781451858495/05187-9781451858495/05187-9781451858495.xml
http://elibrary.imf.org/view/IMF001/05187-9781451858495/05187-9781451858495/05187-9781451858495.xml
http://elibrary.imf.org/view/IMF001/05187-9781451858495/05187-9781451858495/05187-9781451858495.xml
http://elibrary.imf.org/view/IMF001/05187-9781451858495/05187-9781451858495/05187-9781451858495.xml
http://elibrary.imf.org/view/IMF001/05187-9781451858495/05187-9781451858495/05187-9781451858495.xml
http://elibrary.imf.org/view/IMF001/05187-9781451858495/05187-9781451858495/05187-9781451858495.xml
http://elibrary.imf.org/view/IMF001/05187-9781451858495/05187-9781451858495/05187-9781451858495.xml
http://elibrary.imf.org/view/IMF001/05187-9781451858495/05187-9781451858495/05187-9781451858495.xml
http://elibrary.imf.org/view/IMF001/05187-9781451858495/05187-9781451858495/05187-9781451858495.xml
http://elibrary.imf.org/view/IMF001/05187-9781451858495/05187-9781451858495/05187-9781451858495.xml
Abstract:The macroeconomic implications of a pension reform that substitutes a high-return fully-funded system for a low-return pay-as-you-go system are discussed in an overlapping generations, neoclassical growth model. With forward-looking individuals, a debt-financed reform worsens the current account, while a tax-financed reform leaves the current account unchanged. With myopic individuals, a debt-financed reform leaves the current account unchanged, while a tax-financed reform improves the current account. Hence, tax-financing, which is equivalent to pre-funding, should be the preferred reform strategy in a small open economy with a weak current account position
Umfang:1 Online-Ressource (30 p)
ISBN:1451858493
9781451858495