Please use this identifier to cite or link to this item:
Roberts, Mark A.
Fisher, Eric O'N.
Year of Publication: 
Series/Report no.: 
EPRU Working Paper Series 2001-04
This paper analyses a model of overlapping generations in which agents who do not participate in th elabor market are unable to borrow. Thus an increase in a fully funded pension raises aggregate savings even with a fixed participation rate since private savings are not crowded out one-for-one. When labor force participation is determined endogenously, a rise in the level of fully funded pensions increases the aggregate labor supply. This in turn increases aggregate savings and growth, directly by raising per capita savings and indirectly through tax and interest rate effects.
Document Type: 
Working Paper

Files in This Item:
51.56 kB

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.