Private and Public Pensions Schemes: A Case of Vertical Segmentation

This work develops an overlapping generations model in order to analyze a transition to a partial privatization of the social security system. We find that such a reform induces a vertical segmentation in the market of pension schemes. Moreover the redistributive aim of the government is limited by the possibility to switch from the private to the public pension scheme.

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Year of publication:	1993
Authors:	Mazzaferro, Carlo
Publisher:	Bologna : Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)

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Series:	Quaderni - Working Paper DSE ; 163
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	10.6092/unibo/amsacta/5194 [DOI] hdl:10419/159006 [Handle] RePEc:bol:bodewp:163 [RePEc]
Source:	EconStor

Persistent link: https://www.econbiz.de/10011651032