Public Policy and the Transition to Private Pension Provision in the United States and Europe
32 Pages Posted: 17 May 2006
Date Written: March 2006
Abstract
PAYG and funding may and do coexist in social security systems. The proportions of this coexistence, however, are quite variable from country to country. The paper examines the US and a number of European countries, looking at both the present state and the foreseeable trends in future decades. The impact of a mixed system is analysed under the relevant viewpoints, with special reference to the adequacy and sustainability of the overall structure and to the distribution of risk.
Keywords: Private pensions, pension risks, pension policies
JEL Classification: H55, J26, G23
Suggested Citation: Suggested Citation
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