Pension Policies and Public Debt in Dynamic Cge Models

ISBN-13: 9783790809701 / Angielski / Miękka / 1996 / 189 str.

D. P. Broer; Jukka Lassila

Opis

Population aging raises a number of issues regarding the optimality of public debt policy and the systems of public pension provisions that are in use in developed countries. The studies in this book address these questions using computable general equilibrium models. They give illuminating insights and new empirical estimates of future prospects of pay-as-you-go pension schemes in the "big seven" OECD countries, the possible distortions introduced by the pension systems in four large European economies, the effects of lifetime uncertainty in analyzing a potential reform of the Dutch pension system, effects of increasing international mobility of financial capital to pension policies, and public debt reduction policies in relation to possible adverse effects of taxation on wage formation and unemployment.

Spis treści

Contents: Introduction and Summary.- The Future of Public Pensions in the Seven Major Economies.- Pension Systems in Europe.- Pension Policies and Lifetime Uncertainty in an Applied General Equilibrium Model.- Pension Policies and International Capital Mobility.- Debt Reduction, Wage Formation and Intergenerational Welfare.