Series: IMF Working Papers
Author(s): Pierre Pestieau
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 1999
Keywords: majority voting, entitlements, aging, tax rate, pension, entitlement, private saving
Population aging puts significant pressure on social security systems that are based mainly on a pay-as-you-go (PAYG) formula and determined by the political process in which both retirees and future retirees parti...