Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/39705
Authors: 
Wrede, Matthias
Year of Publication: 
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

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