Redistribution, Pension Systems and Capital Accumulation
In this paper we study the macroeconomic impact of a policy which changes the redistributive properties of an unfunded pension system. Using an overlapping generations model with a closed economy and heterogeneous agents, we show that a weaker link between contributions and benefits has an impact on...
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| Format: | Article |
| Language: | English |
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Institute of Public Finance
2008-09-01
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| Series: | Financial Theory and Practice |
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| Online Access: | http://www.ijf.hr/eng/FTP/2008/3/hachon.pdf |