PAYG pension systems with capital mobility

Pierre Pestieau, Gwanaël Piaser and Motohiro Sato
Additional contact information
Gwanaël Piaser: CORE - Center of Operation Research and Econometrics [Louvain] - UCL - Université Catholique de Louvain = Catholic University of Louvain, University of Ca’ Foscari [Venice, Italy]
Motohiro Sato: Hitotsubashi University - Hitotsubashi University

Post-Print from HAL

Abstract: This paper studies the design of an optimal pension scheme in an OLG and open economy model. The pension scheme provides a flat rate benefit and is based on the PAYG principle. It thus combines inter- and intra-generational redistribution. In this setting a number of symmetric economies are connected by an open and perfect capital market. When this number is very large, we have the small open economy case; when it is reduced to one, we have the case of autarky or perfect coordination. As the number of countries increases, there is more intragenerational redistribution, but less capital accumulation.

Date: 2006-10
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Published in International Tax and Public Finance, 2006, 13 (5), pp.587-599. ⟨10.1007/s10797-006-6079-3⟩

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

Related works:
Journal Article: PAYG pension systems with capital mobility (2006)
Working Paper: PAYG pension systems with capital mobility (2004)
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:hal:journl:halshs-00754127

DOI: 10.1007/s10797-006-6079-3

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().