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Public Capital, Public Pension, and Growth [PDF]

Public Capital, Public Pension, and Growth
This paper constructs an endogenous growth model with overlapping generations, whose engine of economic growth is productive public capital. The government faces a trade-off in public policy between public investment and social security provision because
Noritaka Maebayashi
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Public pensions and growth [PDF]

European Economic Review, 2001
Abstract This paper investigates the relationship between the size of an unfunded public pension system and economic growth in an overlapping generation economy, in which altruistic parents finance the education of their children and leave bequests. Unlike the existing literature, we model intergenerational altruism by assuming that children's income
Lambrecht, Stéphane, Michel, Philippe, Vidal, Jean-Pierre   +2 more
openaire   +4 more sources

Public capital, public pension, and growth [PDF]

International Tax and Public Finance, 2012
This paper constructs an endogenous growth model with overlapping generations, whose engine of economic growth is productive public capital. We investigate a public policy under which the government allocates tax revenue between investment in public capital accumulation and public pension provision.
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Public Pension Reform: A Primer [PDF]

IMF Working Papers, 2007
The present paper reviews key issues in pension design and pension reform encountered all across the world. The paper heavily refers to the recent U.S. Social Security reform debate in general and to the Personal Retirement Accounts proposal in particular. A particular emphasis is put on annuitization and risk-taking in the economy.
openaire   +3 more sources

Pension Fund Capitalism and Financial Crisis. IHS Political Science Series 126, December 2011 [PDF]

, 2011
Basic public pension schemes and cut backs in earnings-related public pensions led to an increasing role of supplementary pensions such as pension funds for old-age incomes.
Wiß, Tobias
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Actuarial neutrality across generations applied to public pensions under population ageing: effects on government finances and national saving [PDF]

In welfare states, collective saving has declined to a persistently negative level, while reduced fertility and increasing longevity are leading to increasing pension liabilities.
Heikki Oksanen
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Pension Reform in Japan [PDF]

This paper aims to establish guidelines for public pension reform in Japan, using a numerical simulation approach. The paper introduces the example of a minimum guaranteed pension in the Swedish pension system and compares this with the basic pension in ...
Akira Okamoto
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Japan's Public Pension System in the Twenty-First Century. [PDF]

In this paper, the author first briefly discuss the structure of Japan's public pension system, the history of that system, the raison d'etre of a public pension sustem, some of the defects in the current system, the origins of those defects, possible ...
Horioka, C.Y.
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"Public Sector Pension Governance and Performance" [PDF]

This paper investigates the determinants of public sector pension plan investment and funding behavior. Its goal is to draw lessons which may be used to improve the design and governance of public pensions.
Olivia S. Mitchell, Ping Lung Hsin
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Public Pensions in the National Accounts and Public Finance Targets [PDF]

Preparations are underway to revise national accounting to implement actuarial recording of pension liabilities for corporations and government as an employer. This paper extends this to unfunded public pensions with the help of ‘implicit tax’ in pension
Heikki Oksanen
core   +3 more sources