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Title:Pareto efficiency of the pay-as-you-go pension system in a three-period-OLG model PDF Logo
Authors:Wrede, Matthias
Issue Date:1998
Series/Report no.:BERG working paper series on government and growth 27
Abstract:The paper considers an unfunded linear pension system when workers make labor decisions more often than once in their life. To capture this feature, a three-period-overlapping-generations model is employed. On the one hand, the paper analyzes whether or not a Pay-as-you-go pension scheme is intergenerational Pareto efficient when labor is elastically supplied by the young and the middle-aged people. On the other hand, the focus is on the interregional efficiency of a Pay-as-you-go system when young and middle-aged workers are mobile.
Subjects:pay-as-you-go pension system
overlapping-generations model
intergenerational fairness
labor mobility
Document Type:Working Paper
Appears in Collections:BERG Working Paper Series, Universität Bamberg

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