Old Age Consumption and Pension Policy in a Two-Tier Developing Economy

Philippe Michel, Oliver Paddison and Pierre Pestieau
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Oliver Paddison: United Nations Economic Commission for Africa (UNECA)

Finnish Economic Papers, 2003, vol. 16, issue 1, 3-14

Abstract: In a number of developing countries, an important part of the economy is informal both in terms of production and of social protection. In this paper we consider introducing a universal pension system in the formal sector. It is shown to have two main effects: first, it makes the formal sector more attractive to migration and second, it affects capital accumulation in a way that depends on the type of social security introduced, PAYG or funded, and its induced effect on private saving.

JEL-codes: H55 J61 (search for similar items in EconPapers)
Date: 2003
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Related works:
Working Paper: Old age consumption and pension policy in a two-tier developing economy (2003)
Working Paper: Old age consumption and pension policy in a two-tier developing economy (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:fep:journl:v:16:y:2003:i:1:p:3-14

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