| Tekijä: | Pemberton, J. |
| Otsikko: | National and international privatisation of pensions |
| Lehti: | European Economic Review
2000 : DEC, VOL. 44:10, p. 1873-1896 |
| Asiasana: | PRIVATIZATION PENSIONS INTERNATIONAL |
| Kieli: | eng |
| Tiivistelmä: | The paper analyses the switch from pay-as-you-go to funded pensions - pensions privatisation - in a world with many small open economies. It contrasts go-it-alone privatization in one country with world-wide privatisation. In the go-it-alone case at least one generation necessarily loses. In the world-wide case the long-run gains are substantially larger and - depending on the nature of production technology - an intergenerational Pareto improvement is possible. |
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