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Otto-Friedrich-Universität Bamberg >
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BERG Working Paper Series, Universität Bamberg >
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http://hdl.handle.net/10419/39705
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| Title: | | Pareto efficiency of the pay-as-you-go pension system in a three-period-OLG model  |
| 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 |
| JEL: | | H55 J26 J61 |
| ISBN: | | 3931052095 |
| Document Type: | | Working Paper |
| Appears in Collections: | | BERG Working Paper Series, Universität Bamberg
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