Macroeconomic Consequences of Pay-as-you-go Public Pension System

Macroeconomic Consequences of Pay-as-you-go Public Pension System

We analyze macroeconomic consequences of pay-as-you-go (PAYGO) public pension system with a simple overlapping generations model. Contrary to large body of existing literatures offering quantitative results based on simulation study, we take another route by adopting a highly simplified framework in...

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Bibliographic Details
Main Authors: Park, Chang-Gyun, Hur, Seok-Kyun
Format: Article
Language:English
Published: Korea Development Institute 2008-12-01
Series:KDI Journal of Economic Policy
Subjects:
확정급여(Defined Benefit(DB))
확정기여(Defined Contribution(DC))
부과방식(PayAsYouGo(PAYGO))
적립방식(Funded System)
자본축적(Capital Accumulation)
일반균형 중첩세대모형(General Equilibrium Model with Overlapping Generations)
Online Access:https://doi.org/10.23895/kdijep.2008.30.2.225

Internet

https://doi.org/10.23895/kdijep.2008.30.2.225

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