MacKellar, F.L.; Ermolieva, T.Y.; Reisen, H. - International Institute for Applied Systems Analysis (IIASA) - 1999
In this paper, we quantify the impact of globalization (i.e., integration of global capital markets) on intergenerational transfers mediated through Pay As You Go (PAYG) public pension systems in more developed countries (MDCs), as well as impacts on the intergenerational distribution of income...