Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/18734
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dc.contributor.authorAdam, Antonisen_US
dc.date.accessioned2009-01-28T15:52:30Z-
dc.date.available2009-01-28T15:52:30Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/18734-
dc.description.abstractThis paper analyses the effects of a pension system privatization in a unionized economy.Using an overlapping-generations framework we show that in an environment characterizedby unemployment, a reform towards a private pension system in the steady state may result inlower levels of employment and capital stock. In this case even if the privatization increasesthe welfare of all future generations, the reduction in the welfare of the elderly due to reducedpension benefits may be greater and a Pareto improving transition to a private system may notbe feasible. On the other hand if the reform leads to higher employment then a Paretoimprovingpension privatization scheme can be constructed.en_US
dc.language.isoengen_US
dc.publisher|aCenter for Economic Studies and Ifo Institute (CESifo) |cMunichen_US
dc.relation.ispartofseries|aCESifo Working Paper |x1371en_US
dc.subject.jelJ51en_US
dc.subject.jelJ32en_US
dc.subject.jelH55en_US
dc.subject.ddc330en_US
dc.subject.keywordpublic pensionsen_US
dc.subject.keywordsocial security privatizationen_US
dc.subject.keywordlabour unionen_US
dc.subject.keywordunemploymenten_US
dc.subject.stwGesetzliche Rentenversicherungen_US
dc.subject.stwRentenreformen_US
dc.subject.stwPrivatisierungen_US
dc.subject.stwArbeitslosigkeiten_US
dc.subject.stwOverlapping Generationsen_US
dc.subject.stwKleines-offenes-Landen_US
dc.subject.stwGewerkschaftlicher Organisationsgraden_US
dc.subject.stwWohlfahrtseffekten_US
dc.subject.stwTheorieen_US
dc.titleMacroeconomic effects of social security privatization in a small unionized economyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn477489095en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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