The Simple Economics of Funded and Unfunded Pension Systems

10 Pages Posted: 10 Jul 2020

See all articles by David P. Blake

David P. Blake

City, University of London

J. Michael Orszag

affiliation not provided to SSRN

Date Written: January 1, 1998

Abstract

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

Blake, David P. and Orszag, J. Michael, The Simple Economics of Funded and Unfunded Pension Systems (January 1, 1998). Available at SSRN: https://ssrn.com/abstract=3635291 or http://dx.doi.org/10.2139/ssrn.3635291

David P. Blake (Contact Author)

City, University of London ( email )

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HOME PAGE: http://www.pensions-institute.org/

J. Michael Orszag

affiliation not provided to SSRN

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