OECD Economics Department Working Papers

Effects of Economic Policies on Microeconomic Stability
1815-1973 (online)
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Working papers from the Economics Department of the OECD that cover the full range of the Department’s work including the economic situation, policy analysis and projections; fiscal policy, public expenditure and taxation; and structural issues including ageing, growth and productivity, migration, environment, human capital, housing, trade and investment, labour markets, regulatory reform, competition, health, and other issues.

The views expressed in these papers are those of the author(s) and do not necessarily reflect those of the OECD or of the governments of its member countries.

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Page: 1 (N° 1201) … , 19 (N° 299) , 20 (N° 249) , 21 (N° 199) … 24 (N° 48) | Next
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  N° 249   20 June 2000 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/options-for-reforming-the-spanish-tax-system_406268363588
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Options for Reforming the Spanish Tax System
Isabelle Joumard, Aristomène Varoudakis
The recent tax reforms have improved incentives to work and removed barriers to the internationalisation of Spanish firms, and have helped to make the tax system simpler and more neutral, especially as regards saving. However, the structure of tax wedges, combined with significant labour market...
  N° 248   19 June 2000 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/economic-growth-in-the-oecd-area_843888182178
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Economic Growth in the OECD Area
Stefano Scarpetta, Andrea Bassanini, Dirk Pilat, Paul Schreyer
This paper discusses growth performance in the OECD countries over the past two decades. Special attention is given to developments in labour productivity, allowing for human capital accumulation, and multifactor productivity (MFP), allowing for changes in the composition and quality of...
  N° 247   19 June 2000 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/economic-effects-of-the-1999-turkish-earthquakes_233456804045
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Economic Effects of the 1999 Turkish Earthquakes
Alexandra Bibbee, Rauf Gönenç, Scott Jacobs, Josef Konvitz, Robert W.R. Price
This Working Paper presents a cross-Directorate Report on the economic, budgetary, regulatory and urbanpolicy implications of the earthquakes which struck the Marmara and Bolu areas of Turkey on 17 August and 12 November 1999. The earthquakes caused high casualties and significant material...
  N° 246   13 June 2000 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/policy-influences-on-economic-growth-in-oecd-countries_581718238837
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Policy Influences on Economic Growth in OECD Countries
Sanghoon Ahn, Philip Hemmings
This paper examines the recent literature on economic growth with a focus on policy issues and evidence relevant to OECD countries. The review begins with an overview of developments in the theory of economic growth and also comments generally on the nature of evidence exploring the influences...
  N° 245   25 May 2000 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-tax-system-in-the-czech-republic_242706151678
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The Tax System in the Czech Republic
Chiara Bronchi, Andrew Burns
This paper discusses the tax system in the Czech Republic and offers some specific suggestions for reform. Viewed in international context, the Czech system is broadly similar to those operated in other OECD countries. Like them, it exhibits a number of non-neutral features, some of which...
  N° 244   24 May 2000 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-tax-system-in-norway_630052088314
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The Tax System in Norway
Paul van den Noord
This paper reviews tax policy initiatives and the scope for further reform in Norway. Norway faces the challenge of containing expenditure to at least avoid future increases in the tax burden, which is already above the OECD average. The favourable tax regimes for some industries imply that the...
  N° 243   11 May 2000 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/a-changing-financial-environment-and-the-implications-for-monetary-policy_511388364355
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A Changing Financial Environment and the Implications for Monetary Policy
Paul Mylonas, Sebastian Schich, Gert Wehinger
Monetary policy affects activity, and ultimately inflation, in a number of ways. The most important of these is generally considered to be through the effect of interest rates directly on the demand for goods by households and firms. However, monetary policy can also influence activity through...
  N° 242   10 May 2000 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/carbon-emission-leakages_410535403555
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Carbon Emission Leakages
Jean-Marc Burniaux, Joaquim Oliveira Martins
In December 1997, a number of countries - referred to as the Annex 1 countries - signed the Kyoto Protocol under which they agreed to ceilings on their emissions of greenhouse gases (GHGs). Such unilateral action by a group of countries has often been criticised on the grounds that it could be...
  N° 241   28 Apr 2000 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-healthcare-system-in-hungary_088362842087
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The Healthcare System in Hungary
Eva Orosz, Andrew Burns
This paper examines within an international context, the healthcare system in Hungary. While the system resembles in many of its broad features those of other OECD countries, Hungarians have the lowest life expectancy in the OECD and its rate of increase over the last 20 years has been much...
  N° 240   17 Apr 2000 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/comparing-semi-structural-methods-to-estimate-unobserved-variables_112875725526
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Comparing Semi-Structural Methods to Estimate Unobserved Variables
Laurence Boone
Economists often seek to estimate unobserved variables, representing "equilibrium" or "expected" values of economic variables, as benchmarks against which observed, realised values of these variables may be evaluated. Such comparisons are often used as economic policy indicators, for example...
  N° 239   28 Apr 2000 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/new-issues-in-public-debt-management_071758446643
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New Issues in Public Debt Management
Paul Mylonas, Sebastian Schich, Thorsteinn Thorgeirsson, Gert Wehinger
This paper reviews some of the difficult challenges facing debt managers in the years to come. In countries experiencing a rapidly diminishing gross debt, particularly the United States, this raises the issue of whether private-sector securities can serve as a substitute for the traditionally...
  N° 238   12 Apr 2000 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/regulation-industry-structure-and-performance-in-the-electricity-supply-industry_880084226021
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Regulation, Industry Structure and Performance in the Electricity Supply Industry
Faye Steiner
This paper seeks to assess the impact of liberalisation and privatisation on performance in the generation segment of the electricity supply industry. Regulatory indicators for a panel of 19 OECD countries over a 10 year time period were constructed to examine the influence of regulatory reform...
  N° 237   12 Apr 2000 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/regulation-market-structure-and-performance-in-telecommunications_601531871521
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Regulation, Market Structure and Performance in Telecommunications
Olivier Boylaud, Giuseppe Nicoletti
The paper uses an original international database on regulation, market structure and performance in the telecommunications industry to investigate the effects of entry liberalisation and privatisation on productivity, prices and quality of service in long-distance (domestic and international)...
  N° 236   06 Apr 2000 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/predicting-the-evolution-and-effects-of-the-asia-crisis-from-the-oecd-perspective_422426214244
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Predicting The Evolution and Effects of The Asia Crisis from The OECD Perspective
Pete Richardson, Ignazio Visco, Claude Giorno
Over the past two years, the key trading economies in SE Asia experienced major economic crises, involving financial turbulence, large capital outflows and currency depreciations. These, in turn, resulted in severe financial constraints and business failures and required major domestic...
  N° 235   06 Apr 2000 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/modelling-manufacturing-export-volumes-equations_308783210136
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Modelling Manufacturing Export Volumes Equations
Keiko Murata, Dave Turner, David Rae, Laurence Le Fouler
International trade is a principle transmission mechanism by which developments in one country can have repercussions in others and how it is modelled is an important part of any multi-country model. This paper describes recent estimation work carried out by the OECD, which respecifies and...
  N° 234   17 Mar 2000 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-polish-tax-reform_638712271244
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The Polish Tax Reform
Patrick Lenain, Leszek Bartoszuk
The Polish tax system has commendable features, in particular a capacity to generate strong revenue on a continuous basis. But it also has a number of less desirable features, which could hamper growth in the future and come under increased criticism both domestically and internationally. The...
  N° 233   02 Mar 2000 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-tax-system-in-mexico_713001800850
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The Tax System in Mexico
Thomas Dalsgaard
The Mexican tax system encompasses a number of commendable features and disincentives to work, save and invest appear less severe than in most other OECD countries. However, the system also contains major deficiencies, which hampers the efficiency and equity of the system and contribute to the...
  N° 232   09 Feb 2000 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/emu-the-euro-and-the-european-policy-mix_524744315352
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EMU, The Euro and The European Policy Mix
Jonathan Coppel, Martine Durand, Ignazio Visco
One year ago most economic observers predicted that "fundamentals" were such that the euro was set to appreciate. In the event, the opposite has occurred. This has rekindled a debate on how well foreign exchange markets reflect fundamental determinants and led to calls for greater exchange rate...
  N° 231   04 Feb 2000 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-tax-system-in-japan_707611268636
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The Tax System in Japan
Thomas Dalsgaard, Masaaki Kawagoe
The Japanese tax system applies relatively low marginal tax rates on most economic activities which, in combination with moderate tax elasticities of the bases, indicate that the overall distortion from the tax system (the excess burden) is probably modest compared with other OECD countries....
  N° 230   19 Jan 2000 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-size-and-role-of-automatic-fiscal-stabilizers-in-the-1990s-and-beyond_816628410134
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The Size and Role of Automatic Fiscal Stabilizers in the 1990s and Beyond
Paul van den Noord
This paper assesses to what extent some components of government budgets affected by the macroeconomic situation operate to smooth the business cycle in individual OECD countries. It is shown that these automatic fiscal stabilisers have generally reduced cyclical volatility in the 1990s....
  N° 229   19 Jan 2000 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/enhancing-environmentally-sustainable-growth-in-finland_370821866730
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Enhancing Environmentally Sustainable Growth in Finland
Ann Vourc'h, Miguel Jimenez
This document examines Finland’s policy on natural and environmental resource management. In many fields, progress has been made and pollution curbed. However, there is still room for improvement with regard to cost-effectiveness. Economic evaluation of the measures planned in various fields...
  N° 228   18 Jan 2000 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/finance-and-growth_307832384453
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Finance and Growth
Kotaro Tsuru
This paper aims at providing an overview of the theoretical considerations and a review of the empirical literature on the relationship between finance and growth. Section I describes the role of financial development in economic growth at the macro level, both theoretically and empirically....
  N° 227   12 Jan 2000 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/what-the-yield-curves-say-about-inflation_143175727151
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What the Yield Curves say About Inflation
Sebastian Schich
The paper investigates the information content of yield curves regarding future inflation, using the example of the G-7 countries. The empirical results show substantial variation of results across countries, and a significant information content is identified for the United States, the United...
  N° 226   13 Apr 2000 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/summary-indicators-of-product-market-regulation-with-an-extension-to-employment-protection-legislation_215182844604
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Summary Indicators of Product Market Regulation with an Extension to Employment Protection Legislation
Giuseppe Nicoletti, Stefano Scarpetta, Olivier Boylaud
This paper presents a database on indicators of product market regulations and employment protection legislation for most of the OECD countries and illustrates a methodology for aggregating these detailed indicators into summary indicators of the strictness of regulations. The summary...
  N° 225   22 Nov 1999 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/some-issues-related-to-the-equity-efficiency-trade-off-in-the-swedish-tax-and-transfer-system_067275517348
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Some Issues Related to the Equity-Efficiency Trade-Off in the Swedish Tax and Transfer System
Henning Strand
The Swedish universal welfare model relies on a high tax level to finance a variety of transfers to the workingage population both in the form of income replacements and income supplements and as services for health-, child- and elderly care. The available evidence, reviewed in this Working...
  N° 224   07 Oct 1999 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-economic-effects-of-employment-conditional-income-support-schemes-for-the-low-paid_083815484206
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The Economic Effects of Employment-Conditional Income Support Schemes for the Low-Paid
Andrea Bassanini, Jørn Henrik Rasmussen, Stefano Scarpetta
Problems of unemployment and low pay amongst the low-skilled and those with little work experience are severe in many OECD countries. Employment-conditional schemes are policy instruments designed to increase the employment prospects of the low-skilled as well as to support their living...
  N° 223   15 Sep 1999 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-use-of-financial-market-indicators-by-monetary-authorities_853022881453
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The Use of Financial Market Indicators by Monetary Authorities
Paul Mylonas, Sebastian Schich
In a new and changing environment for monetary policy, an interesting issue to examine is the use of financial market indicators by monetary policy authorities. With this in mind, the OECD canvassed a number of major central banks to get their views. This paper presents a synthesis of the...
  N° 222   13 Aug 1999 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/tax-reform-in-switzerland_721511652676
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Tax Reform in Switzerland
David Carey, Kathryn Gordon, Philippe Thalmann
There have been a number of tax reforms in Switzerland in recent years aimed at enhancing economic efficiency and equity. This paper sets these reforms in the context of the forces shaping tax policy in Switzerland and the main features of the Swiss tax system and suggests areas where further...
  N° 221   04 Aug 1999 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/trends-in-market-openness_051520622785
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Trends in Market Openness
Jonathan Coppel, Martine Durand
Widening imbalances in current account positions across some of the major OECD economic areas have raised concerns about related increases in protectionist sentiments. This paper reviews recent trends in market openness indicators and assesses whether barriers to international trade and...
  N° 220   30 July 1999 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/technology-upgrading-with-learning-cost_5kggkdtw4vzp-en
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Technology Upgrading with Learning Cost
Sanghoon Ahn
As it takes time and effort to learn how to fully utilise new technology and realise its maximum potential productivity gain, adoption of new technology tends to reduce productivity temporarily, even though the potential productivity gain in the long run outweighs this short run loss. This...
  N° 219   27 July 1999 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/testing-for-a-common-oecd-phillips-curve_340107434541
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Testing for a Common OECD Phillips Curve
Dave Turner, Elena Seghezza
This paper reports estimates of a reduced form relationship explaining inflation in terms of the output gap and import price inflation for most OECD countries. Results are reported both for single equation estimation on a country-by-country basis and using a system estimation technique in order...
  N° 218   28 July 1999 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/sustainable-economic-growth_210018060005
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Sustainable Economic Growth
Paul van den Noord, Ann Vourc'h
This document examines Norwegian policy on managing natural and environmental resources. These issues, and more generally the challenges of sustainable development, are primary concerns of the authorities in Norway, a country richly endowed with natural resources. Substantial action has been...
  N° 217   23 July 1999 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/coping-with-population-ageing-in-australia_616221120437
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Coping with Population Ageing in Australia
David Carey
As in other OECD countries Australia’s population is ageing progressively. On unchanged policies, this will increase government outlays for public pensions and health care, causing a deterioration in budget balances, and reduce economic growth (mainly by lowering growth in the labour force)....
  N° 216   25 June 1999 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/estimating-prudent-budgetary-margins-for-11-eu-countries_475132665781
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Estimating Prudent Budgetary Margins for 11 EU Countries
Thomas Dalsgaard, Alain de Serres
In this paper, a structural VAR model is estimated for 11 EU countries in order to assess the effect on the government deficit ratio of four independent economic disturbances: supply, fiscal, real private demand and monetary shocks. Based on the estimated distribution of these shocks,...
  N° 215   10 May 1999 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-problems-and-prospects-faced-by-pay-as-you-go-pension-systems_286670310381
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The Problems and Prospects Faced by Pay-As-You-Go Pension Systems
Paul Mylonas, Christine de la Maisonneuve
Without further reforms, pay-as-you-go pension systems throughout most of continental Europe face unsustainable financial imbalances as their population ages. Though this paper describes the Greek pension system, which will face especially severe financial strains, it sheds light on the pension...
  N° 214   05 May 1999 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/greek-public-enterprises_213543162468
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Greek Public Enterprises
Paul Mylonas, Isabelle Joumard
A successful reform of public enterprises would improve productivity in key sectors of the Greek economy, and thus provide essential inputs at lower cost to the economy as a whole. Reforms would need to address the factors that are responsible for the poor performance of Greek public...
  N° 213   30 Apr 1999 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-levels-and-cyclical-behaviour-of-mark-ups-across-countries-and-market-structures_817488867486
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The Levels and Cyclical Behaviour of Mark-ups Across Countries and Market Structures
Joaquim Oliveira Martins, Stefano Scarpetta
In this paper, we present estimates of the mark-up of product price over marginal costs for the US manufacturing industries over the 1970-1992 period. The paper extends the analysis used in previous studies based on nominal productivity residuals by considering intermediate inputs and cyclical...
  N° 212   23 Apr 1999 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/poverty-dynamics-in-four-oecd-countries_578476770227
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Poverty Dynamics in Four OECD Countries
Pablo Antolín, Thai-Thanh Dang, Howard Oxley
This study examines the dynamics of poverty for four OECD countries (Canada, Germany, the United Kingdom and the United States). It provides information on patterns of poverty, which groups stay in poverty the longest, and household/individual characteristics and life-course events which appear...
  N° 211   18 Feb 1999 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-recent-experience-with-capital-flows-to-emerging-market-economies_387426718682
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The Recent Experience with Capital Flows to Emerging Market Economies
Sveinbjörn Blöndal, Hans Christiansen
This paper summarises key points of the recent extensive discussion of the factors behind the volatility of cross-border capital flows in emerging market countries and possible corrective measures. The root cause of the recent volatility of capital flows seems to have been excessive credit and...
  N° 210   10 Feb 1999 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/foreign-portfolio-investors-before-and-during-a-crisis_522265260065
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Foreign Portfolio Investors Before and during a Crisis
Woochan Kim, Shang-Jin Wei
Different categories of foreign portfolio investors in Korea have differences as well as similarities in their trading behavior before and during the currency crisis. First, non-resident institutional investors are always positive feedback traders, whereas resident investors were negative...
  N° 209   10 Feb 1999 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/towards-more-efficient-government_125826214270
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Towards More Efficient Government
Eckhard Wurzel
In Germany fiscal relations between the various levels of government have come to the fore of the policy debate. In practice the federal fiscal set-up has evolved towards consensus and co-operation, where equalisation of living standards takes precedence over public choice and economic...
  N° 208   02 Dec 1998 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/stock-market-fluctuations-and-consumption-behaviour_853414662323
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Stock Market Fluctuations and Consumption Behaviour
Laurence Boone, Claude Giorno, Pete Richardson
This paper examines the likely influence of recent stock market fluctuations on major OECD economies, focusing on wealth effects and consumption. After reviewing the relevant theoretical framework and available empirical evidence, consumption functions are estimated for the US including the...
  N° 207   24 June 1998 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/microeconometric-analysis-of-the-retirement-decision_144160752566
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Microeconometric Analysis of the Retirement Decision
Maarten Lindeboom
It has been suggested that much of the dramatic decline in the participation rate of Dutch elderly has been caused by features of the Dutch retirement income support system. The Dutch system consists of several alternative schemes that can be used to retire early and these schemes are...
  N° 206   24 June 1998 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/microeconometric-analysis-of-the-retirement-decision_646408174537
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Microeconometric Analysis of the Retirement Decision
Raffaele Miniaci, Elena Stancanelli
The purpose of this paper is to investigate the retirement decision in the United Kingdom. We distinguish four retirement routes: retirement, unemployment, long-term sickness and other states. The focus of the paper is the impact of pension benefits on retirement transitions. We estimate...
  N° 205   23 June 1998 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/microeconometric-analysis-of-the-retirement-decision_514187844751
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Microeconometric Analysis of the Retirement Decision
Raffaele Miniaci
This paper exploits an Italian microeconomic data set to study retirement behaviour of women and men using survival analysis techniques. After a brief introduction to the Italian pension system and to the Bank of Italy survey, different specifications of a Cox proportional hazard model are...
  N° 204   24 June 1998 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/microeconometric-analysis-of-the-retirement-decision_572650601656
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Microeconometric Analysis of the Retirement Decision
Pablo Antolín, Stefano Scarpetta
This paper analyses the determinants of the retirement decision in Germany using microdata from the German Socio-Economic Panel over the period 1985-1995. Non-parametric and semi-parametric techniques have been used to describe the exit to retirement. Non-parametric estimates suggest that the...
  N° 203   23 June 1998 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/microeconometric-analysis-of-the-retirement-decision_127268520146
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Microeconometric Analysis of the Retirement Decision
Joseph Quinn, Richard Burkhauser, Kevin Cahill, Robert Weathers
Using three waves of the ongoing Health and Retirement Survey, we document the labour force withdrawal patterns of a sample of older Americans aged 55-61 and working in 1992. We note the importance of Social Security and employer pension benefits for both the retired and the working populations...
  N° 202   15 Feb 1999 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-retirement-decision-in-oecd-countries_565174210530
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The Retirement Decision in OECD Countries
Sveinbjörn Blöndal, Stefano Scarpetta
This paper examines the main determinants of the decision to retire from the labour market in OECD countries, and in particular the role of social security systems in driving down the labour-force participation rate of older people in recent decades. It demonstrates that old-age pension systems...
  N° 201   23 June 1998 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/macroeconomic-effects-of-pension-reforms-in-the-context-of-ageing-populations_638376177076
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Macroeconomic Effects of Pension Reforms in The Context of Ageing Populations
Ketil Hviding, Marcel Mérette
Using overlapping generations (OLG) models calibrated on seven OECD countries -- the United States, Japan, France, Canada, Italy, the United Kingdom and Sweden -- the authors investigate the macroeconomic impact of possible pension reform strategies as populations age. Simulations include a...
  N° 200   23 June 1998 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-macroeconomics-of-ageing-pensions-and-savings_687160618113
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The Macroeconomics of Ageing, Pensions and Savings
Richard Kohl, Paul O'Brien
The effect of pension systems on public and private saving is important - savings are a crucial link between decisions today and living standards tomorrow. This paper, following a brief overview of pension systems in some OECD countries, reviews the empirical literature. Two important questions...
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