The Simple Economics of Funded and Unfunded Pension Systems
10 Pages Posted: 10 Jul 2020
Date Written: January 1, 1998
This article reviews the economic theories of funded and unfunded pension systems and examines the advantages and disadvantages of each type of system; these theories help to explain the current interest in funded systems as well as the difficulties associated with the transition towards them.
JEL Classification: G22
Suggested Citation: Suggested Citation