Working paper no. 11/2005

02-07-2008

Pension Funding, Fiscal Sustainability and Government Debt

The note deals with the interaction between private institutional savings, public finances and fiscal sustainability. The fiscal impact of pension savings depends on income tax rates on contributions and pension income, the taxation of pension returns and the extent to which assets are diverted from other, taxable investments into pension funds.

Pension Funding, Fiscal Sustainability and Government Debt

Author: Niels Kleis Frederiksen
Contact: Niels Kleis Frederiksen - e-mail: