Adema, Yvonne (contributor); Meijdam, Lex (contributor); … - 2005
distinguish between the case where a reform potentially leads to a Pareto improvement in the PAYG country, and where this is … impossible. In the latter case the funded country shares both in the costs and the benefits of the reform. However, if a Pareto …-improving pension reform is feasible in the PAYG country, a Pareto improvement in the funded country is not guaranteed. …