Reforming Social Security: Assessing the Effects of Alternative Funding Strategies in a Small Open Economy

O. Thogersen

Working Papers from Norwegian School of Economics and Business Administration-

Abstract: Population ageing implies that the large pay-as-you-go social security programs implemented in many OECD economies will run into severe financial problems. By means of a numerical overlapping generations model, this paper investigates the intergenerational welfare effects of a transition to funded programs. Such programs imply permanent increases in the welfare of the young and unborn generations. We demonstrate that the size of the welfare gains varies significantly between alternative funding strategies.

Keywords: SOCIAL SECURITY; PENSION FUNDS (search for similar items in EconPapers)
JEL-codes: C68 H3 H55 (search for similar items in EconPapers)
Pages: 22 pages
Date: 1997
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:fth:norgee:17/97

Access Statistics for this paper

More papers in Working Papers from Norwegian School of Economics and Business Administration- NORWEGIAN SCHOOL OF ECONOMICS AND BUSINESS ADMINISTRATION, HELLEVEIEN 30, 5035 BERGEN SANDVIKEN NORWAY.. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel ().