Welfare effects of unfunded pension systems when labor supply is endogenous

Publikationstyp: Zeitschriftenartikel
Publikationsstatus: Published
Autor/innen: Breyer, Friedrich; Straub, Martin
Erscheinungsjahr: 1993
Erschienen in: Journal of Public Economics ; 50 (1993), 1. - S. 77-91. - ISSN 0047-2727. - eISSN 1879-2316
DOI (zitierfähiger Link): https://dx.doi.org/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

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

@article{Breyer1993Welfa-33366, title={Welfare effects of unfunded pension systems when labor supply is endogenous}, year={1993}, doi={10.1016/0047-2727(93)90061-W}, 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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