@techreport{Adema2005international,
abstract = {This paper explores how pension reforms in countries with PAYG schemes affect countries
with funded systems. We use a two-country two-period overlapping-generations model,
where the countries only differ in their pension systems. We distinguish between the case
where a reform potentially leads to a Pareto improvement in the PAYG country, and where
this is impossible. In the latter case the funded country shares both in the costs and the
benefits of the reform. However, if a Pareto-improving pension reform is feasible in the
PAYG country, a Pareto improvement in the funded country is not guaranteed.},
author = {Yvonne Adema and Lex Meijdam and Harrie A. A. Verbon},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {H63; F21; F47; F41; H55; 330; international spillover effects; pension reform; Rentenreform; Umlageverfahren; Spillover-Effekt; Kapitaldeckungsverfahren; Zwei-L\"{a}nder-Modell; international; Theorie},
language = {eng},
number = {1540},
title = {The international spillover effects of pension reform},
type = {CESifo working papers},
url = {http://hdl.handle.net/10419/19004},
year = {2005}
}
