Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/92942
Authors: 
Homburg, Stefan
Year of Publication: 
2014
Series/Report no.: 
Discussion Paper, Wirtschaftswissenschaftliche Fakultät, Leibniz Universität Hannover 524
Abstract: 
The paper evaluates the theoretical literature on public pension schemes. First, the terms pay-as-you-go and capital reserve are made precise. These two systems are then compared, followed by a consideration of their efficiency properties. Thereafter conversion policies are discussed.
Subjects: 
Public Pensions
Overlapping Generations
JEL: 
H21
H55
Additional Information: 
This is a postprint of a paper that was published 1997 in H. Giersch (Ed.): Reforming the Welfare State. Berlin: Springer-Verlag, pp. 233-246.
Document Type: 
Working Paper

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