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Gonzalez-Eiras, Martín; Niepelt, Dirk - 2007

We analyze the effect of the projected demographic transition on the political support for social security, and equilibrium outcomes. Embedding a probabilistic-voting setup of electoral competition in the Diamond (1965) OLG model, we find that intergenerational transfers arise in the absence of...

Persistent link: https://www.econbiz.de/10011397227

Social security, retirement age and optimal income taxations

Cremer, Helmuth; Lozachmeur, Jean-Marie; Pestieau, Pierre - 2002

It is often argued that implicit taxation on continued activity of elderly workers is responsible for the widely observed trend towards early retirement. In a world of laissez-faire or of first-best efficiency, there would be no such implicit taxation. The point of this paper is that when...

Persistent link: https://www.econbiz.de/10011409410

Social Security, Retirement Age and Optimal Income Taxation

Cremer, Helmuth; Lozachmeur, Jean-Marie; Pestieau, Pierre - 2021

Persistent link: https://www.econbiz.de/10013320556

Role of Social Security in Explaining the Rate of Saving Disparity : A Historical Study of New Zealand versus Singapore: 1960-1993

Bandyopadhyay, Debasis - 2017

explain the disparity in their saving rates. We examine the argument by limiting our focus to a comparison of New Zealand and …, the unfunded system of provision of social security has the effect of reducing the private saving rate. In Singapore, on … the other hand, due to the fully-funded nature of the Central Provident Fund (CPF), an increase in CPF saving will …

Persistent link: https://www.econbiz.de/10012952853

Efficiency Versus Insurance : Capital Income Taxation and Privatizing Social Security

Makarski, Krzysztof; Tyrowicz, Joanna; Komada, Oliwia - 2022

We study the interactions between capital income tax and social security privatization in the context of rising longevity. In an economy with idiosyncratic income shocks, redistributive defined benefit social security provides some insurance against income uncertainty. This insurance comes at...

Persistent link: https://www.econbiz.de/10014084040

Optimal Life Cycle Social Security Tax

Ge, Zhigang; Chu, Yuchi - 2023

The unfunded social security has long been criticized for reducing capital stock and social welfare. In this paper, we study the aggregate and welfare effects of reforms that make social security tax (SST) age dependent. We characterize the optimal age-dependent SST schedule that maximizes...

Persistent link: https://www.econbiz.de/10014344331

Efficiency versus insurance: capital income taxation and privatizing social security

Makarski, Krzysztof; Tyrowicz, Joanna; Komada, Oliwia - 2021

Persistent link: https://www.econbiz.de/10012653219

Progressing towards efficiency : the role for labor tax progression in reforming social security

Makarski, Krzysztof; Tyrowicz, Joanna; Komada, Oliwia - 2022

We study interactions between progressive labor taxation and social security reform. Increasing longevity puts fiscal strain that necessitates the social security reform. The current social security is redistributive, thus providing (at least partial) insurance against idiosyncratic income...

Persistent link: https://www.econbiz.de/10012888436

The labor market effect of demographic change : alleviation for financing social security

Friese, Max - 2015 - Revised version

The paper shows the effect of demographic change on per capita burden of financing a PAYG social security system in the standard OLG model with frictional labor markets. Rising longevity and decreasing fertility both induce a rise in the employment level via increased capital accumulation and...

Persistent link: https://www.econbiz.de/10011300641

Myopia and the Effects of Social Security and Capital Taxation on Labor Supply

Kaplow, Louis - 2006

Myopia is increasingly believed to be a significant determinant of behavior and also plays a central role in justifications for social security and policies toward the taxation of capital. It is important, however, to account for labor supply effects, particularly in light of the preexisting...

Persistent link: https://www.econbiz.de/10014056233