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https://hdl.handle.net/10419/19033
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Zamac, Jovan | en |
dc.date.accessioned | 2009-01-28T15:54:35Z | - |
dc.date.available | 2009-01-28T15:54:35Z | - |
dc.date.issued | 2005 | - |
dc.identifier.uri | http://hdl.handle.net/10419/19033 | - |
dc.description.abstract | This study compares alternative designs of an unfunded pension system. Convexcombinations between a fixed contribution rate and a fixed benefit rate are considered. Theobjective is to maximize the expected ex-ante welfare under stochastic fertility. The model isa three-period CGE framework where the design of the education system and effects on factorprices are accounted for. The effects on factor prices depend on the degree of capital mobility.For low degrees of capital mobility it is optimal to have a fixed benefit rate in the pensionsystem. But for the small open economy, a fixed contribution rate is optimal if the educationsystem has a fixed benefit rate. This design of education and pension systems assures thatindividuals in the small open economy are unaffected by fertility fluctuations. | en |
dc.language.iso | eng | en |
dc.publisher | |aCenter for Economic Studies and ifo Institute (CESifo) |cMunich | en |
dc.relation.ispartofseries | |aCESifo Working Paper |x1569 | en |
dc.subject.jel | H52 | en |
dc.subject.jel | H55 | en |
dc.subject.jel | J13 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | pension schemes | en |
dc.subject.keyword | demography | en |
dc.subject.keyword | social security | en |
dc.subject.keyword | education | en |
dc.subject.keyword | fertility | en |
dc.subject.stw | Gesetzliche Rentenversicherung | en |
dc.subject.stw | Umlageverfahren | en |
dc.subject.stw | Sozialversicherungsbeitrag | en |
dc.subject.stw | Bildungsfinanzierung | en |
dc.subject.stw | Allgemeines Gleichgewicht | en |
dc.subject.stw | Internationale Kapitalmobilität | en |
dc.subject.stw | Bevölkerungsökonomie | en |
dc.subject.stw | Wohlfahrtseffekt | en |
dc.subject.stw | Theorie | en |
dc.title | Pension design when fertility fluctuates : the role of capital mobility and education financing | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 503702439 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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