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Public Pensions and Capital Accumulation: The Case of Brazil
- Authors
- Glomm, Gerhard; Jung, Juergen; Lee, Chang min; Tran, Chung
- Issue Date
- Oct-2005
- Publisher
- CESifo Working Paper Series
- Keywords
- pension reform; capital accumulation
- Citation
- CESifo Working Paper, no.1539, pp.1 - 36
- Indexed
- OTHER
- Journal Title
- CESifo Working Paper
- Number
- 1539
- Start Page
- 1
- End Page
- 36
- ISSN
- 0000-0000
- Abstract
- We use an OLG model to study the effects of the generous public sector pension system in Brazil. In our model there are two types of workers, one working in the private sector, the other working in the public sector. Public workers produce infrastructure or education services. We find that reducing generosity of the public sector pensions has large effects on capital accumulation and steady state income.
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Related Researcher
- Lee, Chang min
- SCHOOL OF BUSINESS (SCHOOL OF BUSINESS ADMINISTRATION)