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Title:The international spillover effects of pension reform PDF Logo
Authors:Adema, Yvonne
Meijdam, Lex
Verbon, Harrie A. A.
Issue Date:2005
Series/Report no.:CESifo working papers 1540
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.
Subjects:international spillover effects
pension reform
JEL:H63
F21
F47
F41
H55
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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