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نویسنده

  • Giancarlo Corsetti
چکیده

Pension Reform and Growth Replacing a pay-as-you-go pension system with a fully funded scheme could Giancarlo Corsetti eliminate the incentives Klaus Schmidt -Hebbel (under the pay-as-you-go system) to informalize production and employment. Simulations of an endogenous-growth model suggest that long-term growth could increase substantially by such a reform. Econometric evidence suggests that pension reform in Chile in 1981 may be a factor in the increase in Chile's private savings since 1980.

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تاریخ انتشار 2000