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

Eelco Zandberg; Laura Spierdijk

doi:10.1017/S1474747212000224

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

Eelco Zandberg
, Laura Spierdijk

Research output: Contribution to journal › Article › Academic › peer-review

23 Citations (Scopus)

Abstract

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 language	English
Pages (from-to)	151-167
Number of pages	17
Journal	Journal of Pension Economics and Finance
Volume	12
Issue number	2
DOIs	https://doi.org/10.1017/S1474747212000224
Publication status	Published - Apr 2013
Externally published	Yes

Keywords

Economic growth
Pension funding
Pension reform

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1017/S1474747212000224

Cite this

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KW - Pension reform

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

Abstract

Keywords

UN SDGs

Access to Document

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