"Should I pay for you or for myself"?: the optimal level and composition of retirement benefit systems

Saved in:

Authors and Corporations:

Praag, Bernard M. S. van (Author), Cardoso, Pedro (Author)

Other Authors:

Cardoso, Pedro [Author]

Type of Resource:

E-Book

Language:

English

published:

Bonn Institute for the Study of Labor (IZA) 2001

Series:

Subjects:

Altersvorsorge

Gesetzliche Rentenversicherung

Umlageverfahren

Kapitaldeckungsverfahren

Optimales Wachstum

Sozialversicherungsbeitrag

Optimale Besteuerung

Theorie

Alternde Bevölkerung

Social security

pay-as-you-go systems

funded pensions

retirement benefits

welfare systems

Graue Literatur

Arbeitspapier

Source:

Verbunddaten SWB
Lizenzfreie Online-Ressourcen

Description
Summary:	Feldstein [1985] posed the questions of what would be the optimal level of retirement benefit, and what would be the optimal mix between the pay-as-you-go system and the funded pension system under the assumption of an exogenous interest rate. We reconsider the problem with the addition of a flexible production function and, consequently, an endogenous interest rate. Moreover, we allow the contributions rate O to be negative as well. In the case of a negative O, the retired subsidize the workers out of their saved capital. This case turns out to be the optimal one in situations of low population growth.
Physical Description:	Online-Ressource ([2], 29 S.)
Type of Resource:	Systemvoraussetzungen: PDF-Reader.