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Credible pensions

Besley, Timothy and Prat, Andrea (2005) Credible pensions. Fiscal Studies, 26 (1). pp. 119-135. ISSN 1475-5890

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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
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/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 02 Jun 2008 14:08
URL: http://eprints.lse.ac.uk/5247/

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