The Macroeconomics of Ageing, Pensions and Savings A Survey

The effect of pension systems on public and private saving is important - savings are a crucial link between decisions today and living standards tomorrow. This paper, following a brief overview of pension systems in some OECD countries, reviews the empirical literature. Two important questions are:...

Full description

Bibliographic Details
Main Author: Kohl, Richard
Other Authors: O'Brien, Paul
Format: eBook
Language:English
Published: Paris OECD Publishing 1998
Series:OECD Economics Department Working Papers
Subjects:
Online Access:
Collection: OECD Books and Papers - Collection details see MPG.ReNa
LEADER 01430nma a2200241 u 4500
001 EB001829528
003 EBX01000000000000000995974
005 00000000000000.0
007 cr|||||||||||||||||||||
008 180616 ||| eng
100 1 |a Kohl, Richard 
245 0 0 |a The Macroeconomics of Ageing, Pensions and Savings  |h Elektronische Ressource  |b A Survey  |c Richard, Kohl and Paul, O'Brien 
260 |a Paris  |b OECD Publishing  |c 1998 
300 |a 48 p.  |c 21 x 29.7cm 
653 |a Economics 
700 1 |a O'Brien, Paul 
041 0 7 |a eng  |2 ISO 639-2 
989 |b OECD  |a OECD Books and Papers 
490 0 |a OECD Economics Department Working Papers 
024 8 |a /10.1787/687160618113 
856 4 0 |a oecd-ilibrary.org  |u https://doi.org/10.1787/687160618113  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a The effect of pension systems on public and private saving is important - savings are a crucial link between decisions today and living standards tomorrow. This paper, following a brief overview of pension systems in some OECD countries, reviews the empirical literature. Two important questions are: do unfunded public pension schemes reduce national saving? Do tax-favoured private saving schemes increase national saving? Quantitative estimates are highly uncertain, but the answers appear to be, "yes, by up 30 per cent of the funding gap"; and "yes, but often not by very much when the fiscal effects are considered." ..