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dc.contributor.authorZamac, Jovanen_US
dc.date.accessioned2009-01-28T15:54:35Z-
dc.date.available2009-01-28T15:54:35Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/19033-
dc.description.abstractThis study compares alternative designs of an unfunded pension system. Convex combinations between a fixed contribution rate and a fixed benefit rate are considered. The objective is to maximize the expected ex-ante welfare under stochastic fertility. The model is a three-period CGE framework where the design of the education system and effects on factor prices are accounted for. The effects on factor prices depend on the degree of capital mobility. For low degrees of capital mobility it is optimal to have a fixed benefit rate in the pension system. But for the small open economy, a fixed contribution rate is optimal if the education system has a fixed benefit rate. This design of education and pension systems assures that individuals in the small open economy are unaffected by fertility fluctuations.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesCESifo working papers 1569en_US
dc.subject.jelH52en_US
dc.subject.jelH55en_US
dc.subject.jelJ13en_US
dc.subject.ddc330en_US
dc.subject.keywordpension schemesen_US
dc.subject.keyworddemographyen_US
dc.subject.keywordsocial securityen_US
dc.subject.keywordeducationen_US
dc.subject.keywordfertilityen_US
dc.subject.stwGesetzliche Rentenversicherungen_US
dc.subject.stwUmlageverfahrenen_US
dc.subject.stwSozialversicherungsbeitragen_US
dc.subject.stwBildungsfinanzierungen_US
dc.subject.stwAllgemeines Gleichgewichten_US
dc.subject.stwInternationale Kapitalmobilitäten_US
dc.subject.stwBevölkerungsökonomieen_US
dc.subject.stwWohlfahrtseffekten_US
dc.subject.stwTheorieen_US
dc.titlePension design when fertility fluctuates : the role of capital mobility and education financingen_US
dc.typeWorking Paperen_US
dc.identifier.ppn503702439en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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