Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/26568
Authors: 
Barr, Nicholas
Diamond, Peter
Year of Publication: 
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

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