Welfare effects of unfunded pension systems when labor supply is endogenous

Breyer, Friedrich; Straub, Martin

Welfare effects of unfunded pension systems when labor supply is endogenous

Dateien

Zu diesem Dokument gibt es keine Dateien.

Datum

1993

Autor:innen

Breyer, Friedrich

Straub, Martin

DOI (zitierfähiger Link)

https://doi.org/10.1016/0047-2727(93)90061-W

Sammlungen

Wirtschaftswissenschaften

Publikationstyp

Zeitschriftenartikel

Publikationsstatus

Published

Erschienen in

Journal of Public Economics. 1993, 50(1), pp. 77-91. ISSN 0047-2727. eISSN 1879-2316. Available under: doi: 10.1016/0047-2727(93)90061-W

Zusammenfassung

A mandatory unfunded pension system can lead to welfare losses if the contributions are levied in such a way that the labor supply decision of the individuals is distorted. This is shown in an overlapping-generations model for a closed economy. Furthermore, it is shown that under certain conditions a gradual abolition of unfuded pensions — using lump-sum contributions in the transition phase — can lead to an intergenerational Pareto improvement. Thus the paper extends a result recently derived by Homburg for a small open economy to the closed economy case.

Fachgebiet (DDC)

330 Wirtschaft

Zitieren

ISO 690

BREYER, Friedrich, Martin STRAUB, 1993. Welfare effects of unfunded pension systems when labor supply is endogenous. In: Journal of Public Economics. 1993, 50(1), pp. 77-91. ISSN 0047-2727. eISSN 1879-2316. Available under: doi: 10.1016/0047-2727(93)90061-W

BibTex

@article{Breyer1993Welfa-33366,
  year={1993},
  doi={10.1016/0047-2727(93)90061-W},
  title={Welfare effects of unfunded pension systems when labor supply is endogenous},
  number={1},
  volume={50},
  issn={0047-2727},
  journal={Journal of Public Economics},
  pages={77--91},
  author={Breyer, Friedrich and Straub, Martin}
}

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