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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/10419/26568
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| Title: | | Reforming pensions  |
| Authors: | | Barr, Nicholas Diamond, Peter |
| Issue Date: | | 2009 |
| Series/Report no.: | | CESifo working paper 2523 |
| Abstract: | | This article, based on two books (2008, forthcoming), sets out principles for pension design: pension systems have multiple objectives, analysis should consider the pension system as a whole, analysis should be in a second-best context, different systems share risks differently and have different effects by generation and by gender. The article considers policy implications: there is no single best pension design; earlier retirement does not reduce unemployment; unsustainable pension promises should be addressed directly; adding funding in a PAYG mandatory system may or may not be welfare improving; and implementation matters design should not exceeds a country's capacity to implement. |
| Subjects: | | Pension social security |
| JEL: | | H55 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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