Increasing Dependency Ratios, Pensions, and Tax Smoothing
16 Pages Posted: 15 Feb 2006
Date Written: September 1998
The implication of increasing dependency ratios for pay-as-you-go, defined-benefit pension programs are examined. Modifications aimed at smoothing contributions while maintaining benefits intact are analyzed for both open and closed economies.
Keywords: Dependency ratios, a pay-as-you-go, defined-benefit pension, fully funded, defined-contribution pension, tax smoothing, real exchange rate risk
JEL Classification: H2, F3, J1
Suggested Citation: Suggested Citation