Resource title

Actuarial neutrality across generations applied to public pensions under population ageing : effects on government finances and national saving

Resource image

image for OpenScout resource :: Actuarial neutrality across generations applied to public pensions under population ageing : effects on government finances and national saving

Resource description

In welfare states, collective saving has declined to a persistently negative level, while reduced fertility and increasing longevity are leading to increasing pension liabilities. Actuarial neutrality across generations is presented as a benchmark for designing pension reforms to meet the challenges of population ageing. It is shown that this condition can be respected by a wide range of pension reforms, with very different consequences for public finance target setting. The rules for public pensions in national accounting are also discussed. Finally, the combined effects of population ageing and public pension rules on national saving are discussed.

Resource author

Heikki Oksanen

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/18965

Resource license

Adapt according to the presented license agreement and reference the original author.