On the Possibility of Pareto-improving Pension Reform

Tatiana Damjanovic ()

No 504, CRIEFF Discussion Papers from Centre for Research into Industry, Enterprise, Finance and the Firm

Abstract: The aim of this paper is two-fold. First, it provides a simple framework for the analyses of the transitions between two steady states with different fiscal policies. This allows us to clarify the existing results on the possibility of Pareto-improving transitions from pay-as-you-go to fully funded pension systems. We show that the reduction in the marginal tax rate is a sufficient condition for the possibility of such pension reforms. Second, the paper investigates the features and the duration of the shortest Pareto-improving pension reform in an open economy.

Keywords: Pension reform; Pareto-improving transition; the shortest transition. (search for similar items in EconPapers)
JEL-codes: E62 H21 H55 (search for similar items in EconPapers)
Date: 2005-02
New Economics Papers: this item is included in nep-pub
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Related works:
Journal Article: ON THE POSSIBILITY OF PARETO‐IMPROVING PENSION REFORM* (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:san:crieff:0504

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