@techreport{efe74edbcddd4a6488899166270b1971,
title = "Beggar Thy Thrifty Neighbour: The International Spillover Effects of Pensions Under Population Ageing",
abstract = "This paper explores the international spillover effects of ageing through capital markets when countries have different pension systems.We use a two-country twoperiod overlapping-generations model, where the two countries only differ in their pension schemes.Two forms of population ageing are considered, namely an increase in longevity and a fall in fertility.It is shown that in the long run a country using a funded pension system experiences negative spillovers from the fact that the other country uses a PAYG system.The short-run spillovers, however, are opposite to the spillovers in the long run.",
keywords = "ageing, pensions, spillovers",
author = "Y. Adema and A.C. Meijdam and H.A.A. Verbon",
note = "Subsequently published in the Journal of Population Economics, 2008 Pagination: 33",
year = "2006",
language = "English",
volume = "2006-47",
series = "CentER Discussion Paper",
publisher = "Macroeconomics",
type = "WorkingPaper",
institution = "Macroeconomics",
}