Series: IMF Working Papers
Author(s): Vito Tanzi , and Efraim Sadka
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 1998
Keywords: Dependency ratios, a pay-as-you-go, defined-benefit pension, fully funded, defined-contribution pension, tax smoothing, real exchange rate risk, pension, pension fund, pension program
The implication of increasing dependency ratios for pay-as-you-go, defined-benefit pension programs are examined. Modifications aimed at smoothing contributions while maintaining benefits intact are analyzed for bo...