Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5059300 | Economics Letters | 2014 | 5 Pages |
Abstract
This letter analyzes the impact of economic integration on capital accumulation and capital flows when countries differ in their social security systems. Funding and early retirement both foster capital accumulation relative to pay-as-you-go pensions with flexible retirement. When economies integrate, both imply capital outflow possibly resulting in utility losses.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
L. Artige, A. Dedry, P. Pestieau,