Should Old-age Benefits Be Earnings-tested

We study the welfare effects of earnings testing flat-rate old-age benefits in a quantitative overlapping generations model with idiosyncratic labor income risk. In our model economy, even a moderate earnings testing reduces individualsŽ expected lifetime utility. Moreover, it also lowers the realized lifetime utilities of those at the bottom of the lifetime utility distribution.

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Year of publication:	2006
Authors:	Määttänen, Niku ; Poutvaara, Panu
Institutions:	Elinkeinoelämän Tutkimuslaitos (ETLA)
Subject:	social security \| retirement \| means-testing \| computational models

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Extent:	application/pdf
Series:	Discussion Papers. - ISSN 0781-6847.
Type of publication:	Book / Working Paper
Notes:	The price is 10€ Number 1062 28 pages
Classification:	H55 - Social Security and Public Pensions ; J26 - Retirement; Retirement Policies ; C68 - Computable General Equilibrium Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005818418