PropertyValue
?:abstract
  • Explaining cross-country differences in current accounts is difficult. While pay-as-you-go pensions reduce the need to save for retirement, contributions to capital-funded pensions are saved for future consumption. An overlapping-generations analysis shows that capital-funded pensions increase net foreign assets holdings. With a multi-pillar system whose capital-funded part accounts for 18% of pensions, the Austrian current account balance would be 1 percentage point of gross domestic product (GDP) higher than with pure pay-as-you-go pensions in 20 years. By comparison, the Austrian current account surplus averages 1.8% of GDP. Empirically, I find that the current account of high-income countries increases with the coverage and replacement rates of capital-funded pensions. (xsd:string)
?:author
?:comment
  • (SILC) (LFS) (xsd:string)
?:dataSource
  • EU-LFS-Bibliography (xsd:string)
  • EU-SILC-Bibliography (xsd:string)
?:dateModified
  • 2021 (xsd:gyear)
?:datePublished
  • 2021 (xsd:gyear)
?:doi
  • 10.1017/S1474747219000258 ()
?:duplicate
?:fromPage
  • 67 (xsd:string)
is ?:hasPart of
?:inLanguage
  • english (xsd:string)
?:isPartOf
?:issueNumber
  • 1 (xsd:string)
is ?:mainEntity of
?:name
  • The long run influence of pension systems on the current account (xsd:string)
?:publicationType
  • article (xsd:string)
?:reference
?:sourceInfo
  • Bibsonomy (xsd:string)
  • In Journal of Pension Economics and Finance, 20(1), 67-101, 2021 (xsd:string)
?:studyGroup
  • European Union Labour Force Survey (EU-LFS) (xsd:string)
  • European Union Statistics on Income and Living Conditions (EU-SILC) (xsd:string)
?:tags
  • 2021 (xsd:string)
  • FDZ_GML (xsd:string)
  • LFS (xsd:string)
  • LFS_input2021 (xsd:string)
  • LFS_pro (xsd:string)
  • SCOPUSindexed (xsd:string)
  • SILC (xsd:string)
  • SILC_input2021 (xsd:string)
  • SILC_pro (xsd:string)
  • SSCIindexed (xsd:string)
  • article (xsd:string)
  • datfeld (xsd:string)
  • english (xsd:string)
  • indexproved (xsd:string)
  • jak (xsd:string)
  • rp (xsd:string)
  • transfer21 (xsd:string)
  • vttrans (xsd:string)
?:toPage
  • 101 (xsd:string)
rdf:type
?:url
?:volumeNumber
  • 20 (xsd:string)