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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
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