Public pensions and capital accumulation : the case of Brazil

We use an OLG model to study the effects of the generous public sector pension system in Brazil. In our model there are two types of workers, one working in the private sector, the other working in the public sector. Public workers produce infrastructure or education services. We find that reducing generosity of the public sector pensions has large effects on capital accumulation and steady state income.

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Year of publication:	2005
Authors:	Glomm, Gerhard ; Jung, Jürgen ; Lee, Changmin ; Tran, Chung
Publisher:	Munich : Center for Economic Studies and ifo Institute (CESifo)
Subject:	Ruhegehalt \| Rentenreform \| Wirtschaftspolitische Wirkungsanalyse \| Investition \| Brasilien \| pension reform \| capital accumulation

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Series:	CESifo Working Paper ; 1539
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	500853053 [GVK] hdl:10419/19003 [Handle]
Classification:	H55 - Social Security and Public Pensions ; H41 - Public Goods ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation
Source:	EconStor

Persistent link: https://www.econbiz.de/10010261331