02-021/3 - The Sustainability of the Pay-as-you-go System with Falling Birth Rates

• Authors
  Bernard M.S. van Praag, University of Amsterdam; Pedro Cardoso, University of Amsterdam
• Publication date
  February 19, 2002

• Keywords
  Old-age pensions; pay-as-you-go; intergenerational transfers; retirement benefits; altruism
• JEL
  H55; D91; D64; J14; J26