Public Pensions and Capital Accumulation: The Case of Brazil

36 Pages Posted: 24 Oct 2005

See all articles by Gerhard Glomm

Gerhard Glomm

Indiana University Bloomington - Department of Economics; CESifo (Center for Economic Studies and Ifo Institute)

Juergen Jung

Towson University - Department of Economics

Changmin Lee

Hanyang University - Seoul Campus

Chung Tran

Australian National University (ANU) - School of Economics

Date Written: September 2005

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.

Keywords: pension reform, capital accumulation

JEL Classification: E62, H41, H55

Suggested Citation

Glomm, Gerhard and Jung, Juergen and Lee, Changmin and Tran, Chung, Public Pensions and Capital Accumulation: The Case of Brazil (September 2005). CESifo Working Paper Series No. 1539, Available at SSRN: https://ssrn.com/abstract=831465

Gerhard Glomm (Contact Author)

Indiana University Bloomington - Department of Economics ( email )

Wylie Hall
Bloomington, IN 47405-6620
United States
812-855-7256 (Phone)

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

Juergen Jung

Towson University - Department of Economics ( email )

Baltimore, MD
United States
812-345-9182 (Phone)

HOME PAGE: http://https://juejung.github.io/

Changmin Lee

Hanyang University - Seoul Campus ( email )

17 Haegdang-dong
Seongdong-ku
Seoul, 133-791

Chung Tran

Australian National University (ANU) - School of Economics ( email )

Arndt Building 25B
Canberra, Australian Capital Territory 0200
Australia

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