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Actuarial neutrality across generations applied to public pensions under population ageing : effects on government finances and national saving

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dc.creator Oksanen, Heikki
dc.date 2005
dc.date.accessioned 2013-10-16T07:02:11Z
dc.date.available 2013-10-16T07:02:11Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/18965
dc.identifier ppn:500517827
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/18965
dc.description In welfare states, collective saving has declined to a persistently negative level, while reduced fertility and increasing longevity are leading to increasing pension liabilities. Actuarial neutrality across generations is presented as a benchmark for designing pension reforms to meet the challenges of population ageing. It is shown that this condition can be respected by a wide range of pension reforms, with very different consequences for public finance target setting. The rules for public pensions in national accounting are also discussed. Finally, the combined effects of population ageing and public pension rules on national saving are discussed.
dc.language eng
dc.publisher
dc.relation CESifo working papers 1501
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject H5
dc.subject H1
dc.subject H6
dc.subject ddc:330
dc.subject pensions
dc.subject actuarial neutrality
dc.subject public debt
dc.subject national accounts
dc.subject Rentenreform
dc.subject Alternde Bevölkerung
dc.subject Intergenerative Belastungsrechnung
dc.subject EU-Staaten
dc.title Actuarial neutrality across generations applied to public pensions under population ageing : effects on government finances and national saving
dc.type doc-type:workingPaper


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