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On the choice of public pensions when income and life expectancy are correlated
Borck, Rainald - 2003
The paper presents a model where public pensions are determined by majority voting. Voters differ by age and income …. Moreover, life expectancy increases with income. Depending on the strength of the link between contributions and benefits, and … the relationship between income and life expectancy, individually optimal tax rates may increase or decrease with income …
Persistent link: https://www.econbiz.de/10010260696
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Demographic changes and the implicit tax rate in a pay-as-you-go pension system
Kifmann, Mathias; Schindler, Dirk - 2000
We analyze the effects of a permanent increase in life expectancy and of a permanent decline in the rate of population growth on intergenerational redistribution in a pay-as-you-go pension system with a constant contribution or constant replacement rate. We show that under these policies both...
Persistent link: https://www.econbiz.de/10009491077
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Means testing and Social Security in the United States
Bagchi, Shantanu - In: International studies of economics 19 (2024) 1, pp. 68-91
This paper uses a heterogeneous-agent overlapping-generations model to examine the fiscal and distributional consequences of introducing a means test in US Social Security. I find that a means test, that is, conditioning benefit payments on a household's earnings or assets, leads to a higher...
Persistent link: https://www.econbiz.de/10014513264
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Increasing Longevity and Social Security Reforms
Andersen, Torben M. - 2021
Increasing longevity causes an upward trend in the dependency ratio in many countries. This raises concerns about the financial sustainability of social security schemes, and reform initiatives and proposals abound. It is shown that a fundamental policy choice inevitably arises since a given...
Persistent link: https://www.econbiz.de/10013317447
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Voting on Pensions : A Survey
de Walque, Gregory - 2010
The paper presents a non-exhaustive survey of the literature designed to explain emergence, size and political sustainability of pay-as-you-go pension systems. It proposes a simple framework of analysis (a small open two overlapping generation economy model), around which some variants are...
Persistent link: https://www.econbiz.de/10013137113
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On the choice of public pensions when income and life expectancy are correlated
Borck, Rainald - In: Journal of public economic theory 9 (2007) 4, pp. 711-725
Persistent link: https://www.econbiz.de/10003511176
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On the choice of public pensions when income and life expectancy are correlated
Borck, Rainald - 2003
Persistent link: https://www.econbiz.de/10013436317
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On the political feasibility of increasing the legal retirement age
Bittschi, Benjamin; Wigger, Berthold U. - 2019
Within a politico-economic model we first establish three hypotheses: (i) Retirees generally prefer a higher retirement age than workers, whereby just retired individuals prefer the highest retirement age, (ii) in equilibrium the level of the legal retirement age is increasing in longevity and...
Persistent link: https://www.econbiz.de/10011966874
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Could pension system make us happier?
Shin, Inyong - In: Cogent economics & finance 6 (2018) 1, pp. 1-26
various problems like aging population and income inequality. …
Persistent link: https://www.econbiz.de/10011904261
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Longevity gap and pension contribution cap
Simonovits, András - 2022
A basic function of public pension systems is to guarantee a satisfactory old-age income for short-sighted low earners … well-chosen cap has an additional advantage: it limits the unintended income redistribution from the short-lived to the … cap on the social welfare and the unintended income redistribution. …
Persistent link: https://www.econbiz.de/10013198976