메뉴 건너뛰기




Volumn 7, Issue 4-5, 2000, Pages 389-410

Why a Funded Pension System is Useful and Why It is Not Useful

Author keywords

Fully funded system; Pay as you go system; Public pension

Indexed keywords


EID: 0042546628     PISSN: 09275940     EISSN: None     Source Type: Journal    
DOI: 10.1023/a:1008760717038     Document Type: Article
Times cited : (155)

References (47)
  • 2
    • 0345804083 scopus 로고    scopus 로고
    • A Note on the Tax Rate Implicit in Pay-as-you-go Public Pension Contributions
    • forthcoming
    • Beckmann, K. (2000). "A Note on the Tax Rate Implicit in Pay-as-you-go Public Pension Contributions." Finanzarchiv, forthcoming.
    • (2000) Finanzarchiv
    • Beckmann, K.1
  • 3
    • 0003201923 scopus 로고    scopus 로고
    • A Public Pension System on the Verge of Collapse
    • H. Siebert (ed.). Mohr Siebeck: Tübingen
    • Börsch-Supan, A. (1998). "A Public Pension System on the Verge of Collapse." In H. Siebert (ed.), Redesigning Social Security. Mohr Siebeck: Tübingen.
    • (1998) Redesigning Social Security
    • Börsch-Supan, A.1
  • 4
    • 0001671346 scopus 로고
    • On the Intergenerational Pareto Efficiency of Pay-as-you-go Financed Pension Schemes
    • Breyer, F. (1989). "On the Intergenerational Pareto Efficiency of Pay-as-you-go Financed Pension Schemes." Journal of Institutional and Theoretical Economics 145, 643-658.
    • (1989) Journal of Institutional and Theoretical Economics , vol.145 , pp. 643-658
    • Breyer, F.1
  • 5
    • 0030117179 scopus 로고    scopus 로고
    • Transition from a Pay-as-you-go to a Fully Funded Pension System: The Case of Differing Individuals and Intragenerational Fairness
    • Brunner, J. K. (1996). "Transition from a Pay-as-you-go to a Fully Funded Pension System: The Case of Differing Individuals and Intragenerational Fairness." Journal of Public Economics 60, 131-146.
    • (1996) Journal of Public Economics , vol.60 , pp. 131-146
    • Brunner, J.K.1
  • 7
    • 0031287018 scopus 로고    scopus 로고
    • On Relative Wealth Effects and the Optimality of Growth
    • Corneo, G., and O. Jeanne. (1997). "On Relative Wealth Effects and the Optimality of Growth." Economics Letters 54, 87-92.
    • (1997) Economics Letters , vol.54 , pp. 87-92
    • Corneo, G.1    Jeanne, O.2
  • 9
    • 0005445226 scopus 로고
    • Would Privatizing Social Security Raise Economic Welfare?
    • Feldstein, M. (1995). "Would Privatizing Social Security Raise Economic Welfare?" NBER Working Paper 5281.
    • (1995) NBER Working Paper , vol.5281
    • Feldstein, M.1
  • 10
    • 0038835429 scopus 로고    scopus 로고
    • Transition to a Fully Funded Pension System: Five Economic Issues
    • Feldstein, M. (1997). "Transition to a Fully Funded Pension System: Five Economic Issues." NBER Working Paper 6149.
    • (1997) NBER Working Paper , vol.6149
    • Feldstein, M.1
  • 11
    • 0346435240 scopus 로고    scopus 로고
    • The Economics of Prefundung Social Security and Medicare Benefits
    • H. Siebert (ed.). Mohr Siebeck: Tübingen
    • Feldstein, M., and A. Samwick. (1998). "The Economics of Prefundung Social Security and Medicare Benefits." In H. Siebert (ed.), Redesigning Social Security. Mohr Siebeck: Tübingen.
    • (1998) Redesigning Social Security
    • Feldstein, M.1    Samwick, A.2
  • 12
    • 0005221868 scopus 로고
    • Pareto-Efficiency of the Pay-As-You-Go Pension System with Intragenerational Fairness
    • Fenge, R. (1995). "Pareto-Efficiency of the Pay-As-You-Go Pension System with Intragenerational Fairness." Finanzarchiv 52, 357-363.
    • (1995) Finanzarchiv , vol.52 , pp. 357-363
    • Fenge, R.1
  • 14
    • 0345804076 scopus 로고    scopus 로고
    • To What Extent are Public Pensions Pareto-Improving? On the Interaction of Means Tested Basic Income and Public Pensions
    • Fenge, R., and J. von Weizsäcker. (1999). "To What Extent are Public Pensions Pareto-Improving? On the Interaction of Means Tested Basic Income and Public Pensions." CESifo Working Paper 197.
    • (1999) CESifo Working Paper , vol.197
    • Fenge, R.1    Von Weizsäcker, J.2
  • 15
    • 7244255574 scopus 로고    scopus 로고
    • Would a Privatized Social Security System Really Pay a Higher Rate of Return?
    • Geanakopolos, J., O. S. Mitchell, and S. P. Zeldes. (1998). "Would a Privatized Social Security System Really Pay a Higher Rate of Return?" NBER Working Paper 6713.
    • (1998) NBER Working Paper , vol.6713
    • Geanakopolos, J.1    Mitchell, O.S.2    Zeldes, S.P.3
  • 17
    • 0000379995 scopus 로고
    • Interest and Growth in an Economy with Land
    • Homburg, S. (1991). "Interest and Growth in an Economy with Land." The Canadian Journal of Economics 24, 450-459.
    • (1991) The Canadian Journal of Economics , vol.24 , pp. 450-459
    • Homburg, S.1
  • 18
    • 0007136660 scopus 로고    scopus 로고
    • Old Age Pension Systems: A Theoretical Evaluation
    • H. Giersch (ed.). Berlin, Heidelberg and New York: Springer
    • Homburg, S. (1997). "Old Age Pension Systems: A Theoretical Evaluation." In H. Giersch (ed.), Reforming the Welfare State. Berlin, Heidelberg and New York: Springer, pp. 233-246.
    • (1997) Reforming the Welfare State , pp. 233-246
    • Homburg, S.1
  • 19
    • 0347696120 scopus 로고    scopus 로고
    • Compulsory Savings in the Welfare State
    • Mimeo, University of Hannover, forthcoming
    • Homburg, S. (1999). "Compulsory Savings in the Welfare State." Mimeo, University of Hannover, forthcoming in Journal of Public Economics.
    • (1999) Journal of Public Economics
    • Homburg, S.1
  • 20
    • 0011471860 scopus 로고
    • Eine effizienzorienierte Reform der GRV
    • B. Felderer (ed.). Berlin: Duncker und Humblot
    • Homburg, S., and W. Richter. (1990). "Eine effizienzorienierte Reform der GRV." In B. Felderer (ed.), Bevölkerung und Wirtschaft. Berlin: Duncker und Humblot.
    • (1990) Bevölkerung und Wirtschaft
    • Homburg, S.1    Richter, W.2
  • 21
    • 0027975326 scopus 로고
    • Resource Extraction and the Threat of Possible Expropriation: The Role of Swiss Bank Accounts
    • Konrad, K. A., T. E. Olsen, and R. Schöb. (1994). "Resource Extraction and the Threat of Possible Expropriation: The Role of Swiss Bank Accounts." Journal of Environmental Economics and Management 26, 149-162.
    • (1994) Journal of Environmental Economics and Management , vol.26 , pp. 149-162
    • Konrad, K.A.1    Olsen, T.E.2    Schöb, R.3
  • 22
    • 0346822064 scopus 로고    scopus 로고
    • Simulating the Privatization of Social Security in General Equilibrium
    • Kotlikoff, L. (1996). "Simulating the Privatization of Social Security in General Equilibrium." NBER Working Paper 5776.
    • (1996) NBER Working Paper , pp. 5776
    • Kotlikoff, L.1
  • 23
    • 0005447025 scopus 로고    scopus 로고
    • The Impact of Transiting to Privatized Social Security
    • H. Siebert (ed.). Mohr Siebeck: Tübingen
    • Kotlikoff, L., K. Smetters, and J. Walliser. (1998). "The Impact of Transiting to Privatized Social Security." In H. Siebert (ed.), Redesigning Social Security. Mohr Siebeck: Tübingen.
    • (1998) Redesigning Social Security
    • Kotlikoff, L.1    Smetters, K.2    Walliser, J.3
  • 24
    • 16244391646 scopus 로고
    • Staatsverschuldung, intergenerative Redistribution und umlagefinanzierte gesetzliche Rentenversicherung: Eine andere Sicht der Lasten durch ein negatives Bevölkerungswachstum
    • J. Klaus and P. Klemmer (eds.). Berlin: Duncker und Humblot
    • Lüdeke, R. (1988). "Staatsverschuldung, intergenerative Redistribution und umlagefinanzierte gesetzliche Rentenversicherung: Eine andere Sicht der Lasten durch ein negatives Bevölkerungswachstum." In J. Klaus and P. Klemmer (eds.), Wirtschaftliche Strukturprobleme und soziale Fragen. Berlin: Duncker und Humblot.
    • (1988) Wirtschaftliche Strukturprobleme und Soziale Fragen
    • Lüdeke, R.1
  • 25
    • 84918978551 scopus 로고
    • The Social Rate of Discount and the Optimal Rate of Investment
    • Marglin, S. A. (1963). "The Social Rate of Discount and the Optimal Rate of Investment." Quarterly Journal of Economics 77, 95-111.
    • (1963) Quarterly Journal of Economics , vol.77 , pp. 95-111
    • Marglin, S.A.1
  • 26
    • 0009223499 scopus 로고
    • Report of a Committee chaired by Professor J. E. Meade (The Institute for Fiscal Studies). London: Allen & Unwin
    • Meade Committee. (1978). The Structure and Reform of Direct Taxation. Report of a Committee chaired by Professor J. E. Meade (The Institute for Fiscal Studies). London: Allen & Unwin.
    • (1978) The Structure and Reform of Direct Taxation
  • 27
    • 0347065473 scopus 로고
    • Eine vernachlässigte Beziehung zwischen Bodenpreis, Wirtschaftswachstum und Kapitalzins
    • Niehans, J. (1966). "Eine vernachlässigte Beziehung zwischen Bodenpreis, Wirtschaftswachstum und Kapitalzins." Schweizerische Zeitschrift für Volkswirtschaftslehre und Statistik 102, 195-200.
    • (1966) Schweizerische Zeitschrift für Volkswirtschaftslehre und Statistik , vol.102 , pp. 195-200
    • Niehans, J.1
  • 28
    • 0022239861 scopus 로고
    • The Old-age Security Motive for Fertility
    • Nugent, J. (1985). "The Old-age Security Motive for Fertility." Population and Development Review 11, 75-97.
    • (1985) Population and Development Review , vol.11 , pp. 75-97
    • Nugent, J.1
  • 29
    • 0004189655 scopus 로고
    • OECD Social Policy Studies No. 5
    • OECD. (1988). Reforming Public Pensions. OECD Social Policy Studies No. 5.
    • (1988) Reforming Public Pensions
  • 31
    • 85018651986 scopus 로고
    • Endogenous Technological Change
    • Romer, P. (1990). "Endogenous Technological Change." Journal of Political Economy 98, S71-S102.
    • (1990) Journal of Political Economy , vol.98
    • Romer, P.1
  • 32
    • 0347065475 scopus 로고    scopus 로고
    • Shadow Economies around the World - Size, Causes, and Consequences
    • forthcoming
    • Schneider, F., and D. Enste. (2000). "Shadow Economies around the World - Size, Causes, and Consequences." Journal of Economic Literature, forthcoming.
    • (2000) Journal of Economic Literature
    • Schneider, F.1    Enste, D.2
  • 33
    • 84960693158 scopus 로고
    • Isolation, Assurance and the Social Rate of Discount
    • Sen, A. K. (1967). "Isolation, Assurance and the Social Rate of Discount." Quarterly Journal of Economics 81, 112-124.
    • (1967) Quarterly Journal of Economics , vol.81 , pp. 112-124
    • Sen, A.K.1
  • 34
    • 0347349506 scopus 로고    scopus 로고
    • Pay-as-You-Go versus Capital-Funded Pension Systems: The Issues
    • H. Siebert (ed.), Mohr Siebeck: Tübingen
    • Siebert, H. (1998). "Pay-as-You-Go versus Capital-Funded Pension Systems: The Issues." In H. Siebert (ed.), Redesigning Social Security. Mohr Siebeck: Tübingen.
    • (1998) Redesigning Social Security
    • Siebert, H.1
  • 35
    • 0345906584 scopus 로고
    • Besteuerung, Wachstum und Ressourcenabbau. Ein allgemeiner Gleichgewichtsansatz
    • H. Siebert (ed.), Berlin: Duncker und Humblot.
    • Sinn, H.-W. (1980). "Besteuerung, Wachstum und Ressourcenabbau. Ein allgemeiner Gleichgewichtsansatz." In H. Siebert (ed.), Erschöpfbare Ressourcen. Berlin: Duncker und Humblot. English translation: "Taxation, Growth and Resource Extraction. A General Equilibrium Approach." European Economic Review 19, 1982, 357-386.
    • (1980) Erschöpfbare Ressourcen
    • Sinn, H.-W.1
  • 36
    • 0345906584 scopus 로고
    • Taxation, Growth and Resource Extraction. A General Equilibrium Approach
    • English translation
    • Sinn, H.-W. (1980). "Besteuerung, Wachstum und Ressourcenabbau. Ein allgemeiner Gleichgewichtsansatz." In H. Siebert (ed.), Erschöpfbare Ressourcen. Berlin: Duncker und Humblot. English translation: "Taxation, Growth and Resource Extraction. A General Equilibrium Approach." European Economic Review 19, 1982, 357-386.
    • (1982) European Economic Review , vol.19 , pp. 357-386
  • 38
    • 0347696118 scopus 로고    scopus 로고
    • The Value of Children and Immigrants in a Pay-as-you-go Pension System: A Proposal for a Partial Transition to a Funded System
    • Sinn, H.-W. (1997). "The Value of Children and Immigrants in a Pay-as-you-go Pension System: A Proposal for a Partial Transition to a Funded System." NBER Working Paper 6229.
    • (1997) NBER Working Paper , vol.6229
    • Sinn, H.-W.1
  • 39
    • 0345804077 scopus 로고    scopus 로고
    • Comment on Axel Börsch-Supan
    • H. Siebert (ed.), Mohr Siebeck: Tübingen
    • Sinn, H.-W. (1998a). "Comment on Axel Börsch-Supan." In H. Siebert (ed.), Redesigning Social Security. Mohr Siebeck: Tübingen.
    • (1998) Redesigning Social Security
    • Sinn, H.-W.1
  • 40
    • 0011308267 scopus 로고    scopus 로고
    • The Pay-as-you-go Pension System as a Fertility Insurance and Enforcement Device
    • Sinn, H.-W. (1998b). "The Pay-as-you-go Pension System as a Fertility Insurance and Enforcement Device." NBER Working Paper 6610.
    • (1998) NBER Working Paper , vol.6610
    • Sinn, H.-W.1
  • 41
    • 0347065476 scopus 로고    scopus 로고
    • Die Krise der Gesetzlichen Rentenversicherung und Wege zu ihrer Lösung
    • Bayerische Akademie der Wissenschaften (ed.), München: Beck
    • Sinn, H.-W. (1999). "Die Krise der Gesetzlichen Rentenversicherung und Wege zu ihrer Lösung." In Bayerische Akademie der Wissenschaften (ed.), Jahrbuch 1998. München: Beck, pp. 95-119.
    • (1999) Jahrbuch 1998 , pp. 95-119
    • Sinn, H.-W.1
  • 42
    • 0347696117 scopus 로고    scopus 로고
    • Implizite Einkommensteuer als Meßlatte für die aktuellen Rentenreformvorschläge
    • Ifo Institute, Munich
    • Thum, M., and J. von Weizsäcker. (1999). "Implizite Einkommensteuer als Meßlatte für die aktuellen Rentenreformvorschläge." Ifo Discussion Paper 64, Ifo Institute, Munich.
    • (1999) Ifo Discussion Paper , vol.64
    • Thum, M.1    Von Weizsäcker, J.2
  • 43
    • 0004015377 scopus 로고    scopus 로고
    • Bundesministerium für Wirtschaft, Studienreihe No. 99: Bonn.
    • Wissenschaftlicher Beirat beim Bundesministerium für Wirtschaft. (1998). Grundlegende Reform der gesetzlichen Rentenversicherung. Bundesministerium für Wirtschaft, Studienreihe No. 99: Bonn.
    • (1998) Grundlegende Reform der Gesetzlichen Rentenversicherung
  • 47
    • 0347746269 scopus 로고    scopus 로고
    • Pareto Efficient Pay-As-You-Go Pension Systems with Multi-Period Lives
    • Wrede, M. (1999). "Pareto Efficient Pay-As-You-Go Pension Systems with Multi-Period Lives." Jahrbücher für Nationalökonomie und Statistik 219, 494-503.
    • (1999) Jahrbücher für Nationalökonomie und Statistik , vol.219 , pp. 494-503
    • Wrede, M.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.