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.
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