Journal of Population Economics

, Volume 23, Issue 2, pp 825–831 | Cite as

Do Beveridgian pension systems increase growth?

Original Paper


In this paper, we explain why the structure of pension systems has an impact on the growth rate of an economy. Using a capital accumulation model, we show that the more a pension system is Beveridgian, the higher the growth rate of the economy is.


Pensions system Bismarckian Beveridgian Capital 

JEL Classification



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Copyright information

© Springer-Verlag 2009

Authors and Affiliations

  1. 1.Paris School of Economics, CESUniversity Paris 1 Panthéon-SorbonneParisFrance

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