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Type: Journal Articles Authors: Tim Besley and Andrea Prat ISSN: Print: 0143-5671 Online: 1475-5890
Published in: Fiscal Studies, Vol. 26, No. 1, March 2005
Volume, issue, pages: Vol. 26, No. 1, pp. 119-135
JEL classification: G23, H55
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. Search |
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