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Tekijä: | Sinn, H-W. |
Otsikko: | The value of children and immigrants in a pay-as-you-go pension system: a proposal for a partial transition to a funded system |
Lehti: | IFO-Studien
2001 : VOL. 47:1, p. 77-94 |
Asiasana: | CRISES FUNDS PENSION SCHEMES |
Kieli: | eng |
Tiivistelmä: | The crisis of the pension system is a demographic crisis. It results from a lack of new people who could pay for the pensions of the old. This paper describes a reform of the pension system which can help overcome justice and incentive problems associated with the pay-as-you-go (PAYGO) system. |
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