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The authors review the qualitative macroeconomic and welfare implications of replacing a pay-as-you-go pension system with a fully funded scheme. They summarize the typically small effects found in the...
Type de document: Document de travail de recherche sur les politiquesNuméro du rapport: WPS1471Date du document: 30 juin 1995Mode de publication: Auteur: Corsetti, Giancarlo,Schmidt-Hebbel,Klaus