The Gains from Pension Reform

Assar Lindbeck; Mats Persson

Journal of Economic Literature, Vol. 41, No. 1. (Mar., 2003), pp. 74-112.

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Wed Mar 28 10:07:52 2007

Jounlal of Econonzic Literature

1'01. XLZ (,March 2003) pp. 74-1 12

The Gains from Pension Reform

ASSARLINDBECaKnd MATSPERSSON]

1. Introduction balance the system in 2050, again with un-

THE CONTEMPORARYdiscussion of pension changed rules."

reform has been initiated mainly by con- Needless to say, predictions like these

cern for the long-term financial viability of have spurred a host of proposals for pension

existing government-operated pension sys- reform, some of which have already been

tems. In some countries, particularly in implemented. M7hy, then, is there so much

Latin America and Eastern Europe, such disagreement on this issue, even among

systems have more or...