Increasing dependency ratios, pensions and tax smoothing

Efraim Sadka*, Vito Tanzi

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

1 Scopus citations


The implication of increasing dependency ratios for pay-as-you-go, defined-benefit pension programmes are examined. Modifications aimed at smoothing contributions while maintaining benefits intact are analysed for both open and closed economies.

Original languageEnglish
Pages (from-to)547-558
Number of pages12
JournalEconomic Notes
Issue number3
StatePublished - Nov 2002


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