Besley, Timothy and Prat, Andrea (2005) Credible pensions. Fiscal studies, 26 (1). pp. 119-135. ISSN 1475-5890
Abstract
One of the main problems in pension policy is to develop an institutional framework that guarantees that public and private pensions promises are kept. This paper discusses how the governance of public and private pensions is key to making such promises credible. It argues that credibility concerns undermine the case for earnings-related pensions run by the state and private defined benefit plans.
| Item Type: | Article |
|---|---|
| Official URL: | http://www.wiley.com/bw/journal.asp?ref=0143-5671 |
| Additional Information: | © 2005 John Wiley & Sons, Inc |
| Uncontrolled Keywords: | pensions, personal finance |
| Library of Congress subject classification: | H Social Sciences > HJ Public Finance |
| Sets: | Collections > Economists Online Departments > Economics Research centres and groups > Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD) |
| Rights: | http://www.lse.ac.uk/library/rights/LSERO.htm |
| URL: | http://eprints.lse.ac.uk/5247/ |
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