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- W3124794645 abstract "In this paper we analyse the effects of ageing in a small open economy with a representative government. More specific, we adress the question whether in case of ageing a transition from an unfunded to a more funded pension scheme is politically feasible. We show that the existence of a suitable subsidy on savings is crucial in this respect. Without a subsidy on savings, the economy is trapped at the preexisting level of saving and ageing leads to an increase of the PAYG tax. However, if a subsidy exists which is linked to the tax rate in a non-linear way a conversion from PAYG to funded pensions is politically feasible." @default.
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- W3124794645 date "1998-01-01" @default.
- W3124794645 modified "2023-09-27" @default.
- W3124794645 title "Ageing and Pension Reform in a Small Open Economy: The Role of Savings Incentives" @default.
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