Mandatory Retirement Saving and Capital Formation

Walter Dolde and James Tobin
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Walter Dolde: General Electric Company

Chapter 3 in The Determinants of National Saving and Wealth, 1983, pp 56-88 from Palgrave Macmillan

Abstract: Abstract In this paper we examine the macroeconomic implications of mandatory retirement saving programmes in a life cycle framework. Such programmes include both social security and private pensions. First, we provide an interpretation and attempt a synthesis of recent research results. Then we present a computer simulation model and the results of alternative simulation experiments. The model applies only to dynamic steady states. We find important economic effects resulting from changes in the funding of mandatory retirement programmes, in benefit levels, and in sources of tax revenues.

Keywords: Social Security; Capital Formation; Social Security Benefit; Private Pension; Life Cycle Model (search for similar items in EconPapers)
Date: 1983
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Working Paper: Mandatory Retirement Saving and Capital Formation (1981)
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-17028-9_3

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DOI: 10.1007/978-1-349-17028-9_3

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