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      • Department of Economics
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      Parametric pension reform with higher retirement ages: a computational investigation of alternatives for a pay-as-you-go-based pension system

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      Author(s)
      Sayan, S.
      Kiraci, A.
      Date
      2001
      Source Title
      Journal of Economic Dynamics and Control
      Print ISSN
      0165-1889
      Publisher
      Elsevier BV
      Volume
      25
      Issue
      6-7
      Pages
      951 - 966
      Language
      English
      Type
      Article
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      Abstract
      This. paper discusses parametric reform options to control losses generated by a publicly managed pay-as-you-go (PAYG) pension system under alternative deficit reduction (reform) strategies involving changes in contribution and replacement rates and statutory retirement ages. Two different problems corresponding to different pension reform strategies are considered using computational techniques. The techniques are illustrated through exercises employing data for the financially troubled pension system in Turkey. (C) 2001 Elsevier Science B.V. All rights reserved.
      Keywords
      Pension reform
      Computational methods
      Solution algorithms
      Permalink
      http://hdl.handle.net/11693/11137
      Published Version (Please cite this version)
      http://dx.doi.org/10.1016/S0165-1889(00)00062-2
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