Download This PaperPublic Pensions and Capital Accumulation: The Case of Brazil
36 Pages Posted: 24 Oct 2005
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: Suggested Citation
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
Chung Tran
Australian National University (ANU) - School of Economics ( email )
Arndt Building 25B
Canberra, Australian Capital Territory 0200
Australia
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