Hidden Bibliographic Details
| Varying Form of Title: | Canada Pension Plan
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| Other authors / contributors: | Li, Yutong.
International Monetary Fund. Western Hemisphere Department.
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| ISBN: | 1283562898
9781283562898
1451901321
9781451901320
1462306500
9781462306503
1452757275
9781452757278
9786613875341
6613875341
9781451928327
1451928327
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| Notes: | Includes bibliographical references (pages 20-21).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | Like other transfer programs, a pay-as-you-go (PAYG) public pension system can have significant effects on economic behavior, and hence on relative prices and macroeconomic aggregates. 2 We illustrate some of these effects, which are important in weighing various options for the reform of public pensions, in the context of a stylized dynamic general-equilibrium model of life-cycle behavior. 3 Our analysis shows that the introduction of a public pension system can reduce aggregate saving, income, and wages and increase interest rates. It also shows that a significant part of the distortion caused by a public pension plan can result from the fact that benefits are not explicitly linked to contributions, and that creating such a linkage can reduce the distortions associated with the wage tax that funds the contributions to the plan.
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| Other form: | Print version: Kramer, Charles. Reform of the Canada Pension Plan. [Washington, D.C.] : International Monetary Fund, Western Hemisphere Dept., ©1997
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| Standard no.: | 10.5089/9781451901320.001
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