Retirement Incomes: Private Savings versus Social Transfers

John Creedy and Justin van de Ven

No 569, Department of Economics - Working Papers Series from The University of Melbourne

Abstract: This paper is concerned with the conditions under which a compulsory pay-as-you-go pension system, in which the current generation of workers finances the pensions of those who are currently retired, is superior to the use of private saving.

Keywords: PENSION; SCHEMES (search for similar items in EconPapers)
JEL-codes: G23 (search for similar items in EconPapers)
Pages: 18 pages
Date: 1997
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Journal Article: Retirement Incomes: Private Savings versus Social Transfers (2000)
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