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Demographic change, endogenous labor supply and the political feasibility of pension reform

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2001

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Stolte, Klaus

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http://nbn-resolving.de/urn:nbn:de:bsz:352-166377
DOI (zitierfähiger Link)
https://doi.org/10.1007/s001480000060
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Journal of Population Economics. 2001, 14(3), pp. 409-424. ISSN 0933-1433. Available under: doi: 10.1007/s001480000060

Zusammenfassung

Options for reforming unfunded public pension schemes that are now being discussed all share the feature that the burden induced by demographic change would be shifted towards presently living and away from unborn generations. Existing models of the political economy of pension reform can not explain why such reform options are being discussed at all. We present an alternative model in which the possibility of evasion of workers from payment of social security taxes is taken into account by modelling a labor supply function. It turns out that the burden of demographic change may fall completely or at least predominantly on the pensioners. Thus this type of model can much better explain recent trends in legislature on unfunded public pension systems in industrial democracies.

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330 Wirtschaft

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Public pensions, endogenous labor supply, demographic change

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ISO 690BREYER, Friedrich, Klaus STOLTE, 2001. Demographic change, endogenous labor supply and the political feasibility of pension reform. In: Journal of Population Economics. 2001, 14(3), pp. 409-424. ISSN 0933-1433. Available under: doi: 10.1007/s001480000060
BibTex
@article{Breyer2001Demog-16637,
  year={2001},
  doi={10.1007/s001480000060},
  title={Demographic change, endogenous labor supply and the political feasibility of pension reform},
  number={3},
  volume={14},
  issn={0933-1433},
  journal={Journal of Population Economics},
  pages={409--424},
  author={Breyer, Friedrich and Stolte, Klaus}
}
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