An economic analysis of leisure-proportional benefits in a small open economy

This paper analyses the impact of public pensions on resource allocation in a small open economy. In particular, we focus on the economic implications of leisure-proportional benefits. It is well known that a pay-as-you-go scheme can improve social welfare when the population growth rate exceeds the...

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Bibliographic Details
Main Authors: Wataru Kobayashi, Junichiro Takahata
Format: Article
Language:English
Published: Institute of Public Finance 2025-01-01
Series:Public Sector Economics
Subjects:
Online Access:https://hrcak.srce.hr/file/479891
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