Mazzaferro, Carlo
(1993)
Private and Public Pensions Schemes: A Case of Vertical Segmentation.
Bologna:
Dipartimento di Scienze economiche DSE,
p. 31.
DOI 10.6092/unibo/amsacta/5194.
In: Quaderni - Working Paper DSE
(163).
ISSN 2282-6483.
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Abstract
This work develops an overlapping generations model in order to analyze a transition to a partial privatization of the social security system. We find that such a reform induces a vertical segmentation in the market of pension schemes. Moreover the redistributive aim of the government is limited by the possibility to switch from the private to the public pension scheme.
Abstract