Funding of pensions and economic growth: Are they really related?

Eelco Zandberg, Laura Spierdijk

Research output: Contribution to journalArticleAcademicpeer-review

20 Citations (Scopus)


We examine whether changes in the degree of pension funding affect economic growth. Our sample consists of 54 countries, Organization for Economic Co-operation and Development (OECD) as well as non-OECD, during 2001-10. We do not find any effect of changes in the degree of funding on growth in the short-run. For the long-run the evidence is mixed. Although a growth model with overlapping observations suggests that there is a positive effect of funding changes on economic growth, we find no effect in a simple cross-sectional model.

Original languageEnglish
Pages (from-to)151-167
Number of pages17
JournalJournal of Pension Economics and Finance
Issue number2
Publication statusPublished - Apr 2013
Externally publishedYes


  • Economic growth
  • Pension funding
  • Pension reform


Dive into the research topics of 'Funding of pensions and economic growth: Are they really related?'. Together they form a unique fingerprint.

Cite this