Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/75695
Authors: 
Oksanen, Heikki
Year of Publication: 
2001
Series/Report no.: 
CESifo Working Paper 466
Abstract: 
The paper examines the effects of ageing and makes a case for partial pre-funding of pensions. The argument is based on inter-generational fairness in a situation where pension expenditure as compared to wages increases due to low fertility and increasing longevity. We illustrate the approach by using data representing a typical EU Candidate Country of Central and Eastern Europe with a relatively high pension replacement rate. Pre-funding can take place within the public sector or in a privatised second pillar. We emphasise the need for a consistent framework to cover the many different institutional options available for pension financing.
Subjects: 
Pension system reform
partial pre-funding
ageing
Document Type: 
Working Paper

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