The issue of unfunded public pension systems has moved to the centre of public debate all
over the world. Unfortunately, a large part of the discussions have remained on a qualitative …

This paper develops a dynamic, life-cycle, general equilibrium model to study the
interdependent demographic, fiscal, and economic transition paths of China, Japan, the US …

Mandatory defined contribution pension markets are present in a growing number of
countries around the world. But despite their popularity, policymakers continue to struggle …

Unfunded pay-as-you-go state pension schemes are financially unsustainable in Europe as
elsewhere. Proponents of reform argue that, by switching to a fully funded scheme that takes …

Esta investigación analiza los factores que explican el gasto en pensiones y proyecta su
evolución al año 2075 en cuatro países de América Latina: Chile, Perú, Colombia y México …

This report focuses primarily on the mechanics of financing the transition from an unfunded
pension scheme with equates with hidden public debt to a funded scheme which makes this …

This paper uses a large-scale overlapping generations model that features intragenerational
heterogeneity to show that privatizing the US Social Security System could be done on a …

This paper surveys the issue of public spending on pensions. Drawing on evidence from
systems around the world, but particularly in Britain, we outline the arguments for different …

The paper reviews CGE models that have dealt with social security issues during the last
two decades. After introducing the benchmark model from Auerbach and Kotlikoff (1987), we …

This paper presents and briefly discusses the INGENUE model, an international computable
overlapping-generations model of the world economy. After a short description of the major …