Pareto efficiency of the pay-as-you-go pension system in a three-period-OLG model

by Matthias Wrede

The paper considers an unfunded linear pension system when workers make labor decisions more often than once in their life. To capture this feature, a three-period-overlapping-generations model is employed. On the one hand, the paper analyzes whether or not a Pay-as-you-go pension scheme is intergenerational Pareto efficient when labor is elastically supplied by the young and the middle-aged people. On the other hand, the focus is on the interregional efficiency of a Pay-as-you-go system when young and middle-aged workers are mobile.

MoreLess

Year of publication:	1998
Authors:	Wrede, Matthias
Publisher:	Bamberg : Univ., Bamberg Economic Research Group on Government and Growth
Subject:	pay-as-you-go pension system \| overlapping-generations model \| intergenerational fairness \| labor mobility \| Overlapping Generations \| Overlapping generations \| Umlageverfahren \| Pay-as-you-go \| Theorie \| Theory \| Generationengerechtigkeit \| Intergenerational equity \| Gesetzliche Rentenversicherung \| Public pension system \| Pareto-Optimum \| Pareto efficiency \| Alternde Bevölkerung \| Aging population

Extent:	Online-Ressource ([1], 19 S.)
Series:	BERG working paper series. - Bamberg : BERG, ZDB-ID 2135316-5. - Vol. 27
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
ISBN:	3-931052-09-5
Other identifiers:	hdl:10419/39705 [Handle]
Classification:	H55 - Social Security and Public Pensions ; J26 - Retirement; Retirement Policies ; J61 - Geographic Labor Mobility; Immigrant Workers
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10010499930