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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/19003
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| Title: | | Public pensions and capital accumulation : the case of Brazil  |
| Authors: | | Glomm, Gerhard Jung, Jürgen Lee, Changmin Tran, Chung |
| Issue Date: | | 2005 |
| Series/Report no.: | | CESifo working papers 1539 |
| Abstract: | | We use an OLG model to study the effects of the generous public sector pension system in Brazil. In our model there are two types of workers, one working in the private sector, the other working in the public sector. Public workers produce infrastructure or education services. We find that reducing generosity of the public sector pensions has large effects on capital accumulation and steady state income. |
| Subjects: | | pension reform capital accumulation |
| JEL: | | H55 H41 E62 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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