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Title:Public pensions and capital accumulation : the case of Brazil PDF Logo
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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