Public pensions

✍ Scribed by Harrie Verbon

• Book ID: 104652753
• Publisher: Springer
• Year: 1993
• Tongue: English
• Weight: 935 KB
• Volume: 6
• Category: Article
• ISSN: 0933-1433
• DOI: 10.1007/bf00178557

✦ Synopsis

In this paper the public-choice approach to explaining the evolution of public pension schemes is surveyed. Emphasis is laid on the relation between expectations on future political decisions and future demographic and economic developments, on the one hand, and current political and economic decisions, on the other hand.

* Revised version of an invited lecture given at the Sixth ESPE-Conference, June 11-13, 1992, Gmunden in Austria. 1 For an extended description of the evolution of the US-scheme, see Weaver (1982). In Verbon (1988) the evolution of the schemes of, respectively, the United States, Germany and the Netherlands are compared.