Cover Image

Coping with rational prodigals:A Theory of Social Security and Savings Subsidies

The rational prodigality argument, which often serves to justify social security,is considered in a second-best tax framework with endogenous labor supply. Rationalprodigality renders the familiar policies time inconsistent. We analyze time consistentpolicies and show that a wage tax suffices to rule out prodigality as a rationalstrategy.[...]
Year of publication:
2004
Authors: Homburg, Stefan
Institutions: Universität <Hannover> / Wirtschaftswissenschaftliche Fakultät
Subject: Subvention | Soziale Sicherheit | Rente | rent | Besteuerung | optimal taxation
Check Google Scholar |
In libraries world-wide (WorldCat)
In German libraries (KVK)
I need help
  • 1. INTRODUCTION
  • 2. THE MODEL
  • 3. A SIMPLE TIME CONSISTENT POLICY
  • 4. LIBERAL SOLUTION: SOCIAL SECURITY
  • 5. LIBERTARIAN SOLUTION: SAVINGS SUBSIDIES
  • 6. CONCLUSION
  • APPENDIX
  • REFERENCES
Persistent link: https://www.econbiz.de/10005867641
Similar items by subject
Similar items by person