TY - JOUR
T1 - Systemic Analysis of Pension Systems
T2 - Macroeconomic Flows
AU - Jaworski, P.M.
N1 - © 2007 A B Academic Publishers.
PY - 2007/7
Y1 - 2007/7
N2 - The paper is devoted to the field of pension systems. It puts forward the argument that, the size of resources directed towards the retired is not dependent on their economic form but on the readiness of those working to support those who are retired. Economics, therefore, plays only a secondary role as the economic mechanism is identical no matter what organisational form is chosen. In order to demonstrate this three organisational models are presented: family, pay-as-you-go and funded. Through the comparison of macroeconomic flows in all three of them, it is concluded that they are, in fact, identical to the resulting outcome point of view. The final conclusion, therefore, is that any system is just a means of dividing the current national product among the two groups and the size of resources devoted to pensioners is controlled and determined by the working population
AB - The paper is devoted to the field of pension systems. It puts forward the argument that, the size of resources directed towards the retired is not dependent on their economic form but on the readiness of those working to support those who are retired. Economics, therefore, plays only a secondary role as the economic mechanism is identical no matter what organisational form is chosen. In order to demonstrate this three organisational models are presented: family, pay-as-you-go and funded. Through the comparison of macroeconomic flows in all three of them, it is concluded that they are, in fact, identical to the resulting outcome point of view. The final conclusion, therefore, is that any system is just a means of dividing the current national product among the two groups and the size of resources devoted to pensioners is controlled and determined by the working population
UR - http://www.scopus.com/inward/record.url?eid=2-s2.0-35448981111&partnerID=MN8TOARS
U2 - 10.1177/02601079X07001800405
DO - 10.1177/02601079X07001800405
M3 - Article
SN - 2321-5305
VL - 18
SP - 333
EP - 346
JO - Journal of Interdisciplinary Economics
JF - Journal of Interdisciplinary Economics
IS - 4
ER -