Public Policy and the Transition to Private Pension Provision in the United States and Europe

32 Pages Posted: 17 May 2006

See all articles by Onorato Castellino

Onorato Castellino

University of Turin - Faculty of Economics

Elsa Fornero

University of Turin (Italy) - Department of Economics and Statistics; Center for Research on Pensions and Welfare Policies (CeRP); Netspar

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

Castellino, Onorato and Fornero, Elsa, Public Policy and the Transition to Private Pension Provision in the United States and Europe (March 2006). Available at SSRN: https://ssrn.com/abstract=902352 or http://dx.doi.org/10.2139/ssrn.902352

Onorato Castellino

University of Turin - Faculty of Economics ( email )

Facoltà di Economia
Corso Unione Sovietica 218 bis
Torino, 10134
Italy

Elsa Fornero (Contact Author)

University of Turin (Italy) - Department of Economics and Statistics ( email )

Via Po, 53
Torino, 10124
Italy
+39-011-6706076 (Phone)

Center for Research on Pensions and Welfare Policies (CeRP)

Via Real Collegio, 30
Moncalieri, Turin
Italy

Netspar

P.O. Box 90153
Tilburg, 5000 LE
Netherlands

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