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Public Pensions and Capital Accumulation: The Case of Brazil

Gerhard Glomm (), Juergen Jung (), Changmin Lee () and Chung Tran

No 1539, CESifo Working Paper Series from CESifo

Abstract: We use an OLG model to study the effects of the generous public sector pension system in Brazil. In our model there are two types of workers, one working in the private sector, the other working in the public sector. Public workers produce infrastructure or education services. We find that reducing generosity of the public sector pensions has large effects on capital accumulation and steady state income.

Keywords: pension reform; capital accumulation (search for similar items in EconPapers)
JEL-codes: E62 H41 H55 (search for similar items in EconPapers)
Date: 2005
New Economics Papers: this item is included in nep-dge, nep-edu, nep-lam, nep-mac, nep-pbe and nep-pub
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