Civil-service pension scheme reform, savings and capital accumulation A general equilibrium analysis

来源 :清华大学 | 被引量 : 0次 | 上传用户:enjoyyu
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  This paper uses an OLG framework to discuss the effect of civil-service pension reforms on savings and capital accumulation.In the models,there are two types of reforms taken into account: one is to keep the present Pay-As-You-Go systemand decrease the generosity (by decreasing replacement rate or increase contribution),the other is a systemic reformwhich is going to cover the publicsector employees with the same systemas the private-sector employees.The author measures the effects of different reformpolicies on savings and other economic factors by changing related policy parameters and draw some conclusions.
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