Do European Pension Reforms Improve the Adequacy of Saving?

Andrea M. Buffa and Chiara Monticone

No 50, CeRP Working Papers from Center for Research on Pensions and Welfare Policies, Turin (Italy)

Abstract: The decline in saving rates experienced by some European countries has raised concerns about the importance of a country’s wealth accumulation, in particular in light of a more fair but less generous pension system. This paper carries out a macroeconomic analysis of the impact of pension reforms implemented in the nineties on private saving. The evidence shows no tendency for saving to change in the post-reform period, which is consistent with preliminary results on pension reforms in the eighties. We conclude that the adequacy of saving can not find a source of improvement in the pension reforms of the last decade.

Keywords: Pension; Saving (search for similar items in EconPapers)
Pages: 18 pages
Date: 2006-09
New Economics Papers: this item is included in nep-eec
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cerp.carloalberto.org/wp-content/uploads/2008/12/wp_50.pdf?f6fa34 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:crp:wpaper:50

Access Statistics for this paper

More papers in CeRP Working Papers from Center for Research on Pensions and Welfare Policies, Turin (Italy) Contact information at EDIRC.
Bibliographic data for series maintained by Silvia Maero ().