TY  - JOUR
AU  - Lindbeck, Assar
TI  - Pensions and Contemporary Socioeconomic Change
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 7770
PY  - 2000
Y2  - June 2000
DO  - 10.3386/w7770
UR  - http://www.nber.org/papers/w7770
L1  - http://www.nber.org/papers/w7770.pdf
N1  - Author contact info:
Assar Lindbeck
Inst of Intl Economic Studies
University of Stockholm
Universitetseagen 10 A, 8th Floor
S 106 91 Stockholm  SWEDEN
Tel: NA
E-Mail: deceased
M1  - published as Assar Lindbeck. "Pensions and Contemporary Socioeconomic Change," in Martin Feldstein and Horst Siebert, editors, "Social Security Pension Reform in Europe" University of Chicago Press (2002)

AB  - The paper discusses the consequences for the functioning of different pension systems of various types of socioeconomic changes, mainly demographic developments, variations in productivity growth and changes in real interest rates. Two of the pension systems have exogenous and four have endogenous contribution rates. I analyze both marginal and radical pension reforms for the purpose of making pension systems more stable, avoiding arbitrary redistibutions between generations and dealing with increased heterogeneity of the population in terms of family structure and international mobility. The advantages of combining PAYGO and actuarially fair systems are pointed out.
ER  -