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Intragenerational Redistribution in Unfunded Pension Systems

Intragenerational Redistribution in Unfunded Pension Systems »

Source: IMF Staff Papers, Volume 47, No. 1

Volume: 47

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2000

ISBN: 9781451974584

Keywords: pyramid scheme, pyramid schemes, deposits, depositors, interest rates

This paper discusses the origins of the pyramid schemes and the way the authorities handled them. The paper analyzes the economic effects of the pyramid schemes, concluding that despite the descent into anarchy tri...