Pareto-improving transition from a pay-as-you-go to a fully funded pension system in a model with differing earning abilities
Year: 1995
Author: Fenge, Robert, Schwager, Robert
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 115 (1995), Iss. 3 : pp. 367–376
Abstract
This paper resumes the discussion whether a Pareto-improving transition from a pay-as-you-go to a fully funded pension system is possible. In contrast to recent work it is shown that in a model with differing individuals, where labour supply is endogenous and contributions to the pay-as-you-go system are raised as an income tax, its abolition is a Pareto-improvement if the labour incomes of both individuals do not differ too much or if the distortion by the wage tax is large.
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/schm.115.3.367
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 115 (1995), Iss. 3 : pp. 367–376
Published online: 1995-03
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 10
Author Details
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Does Old Capital Matter for Implementing a Pareto-Improving Tax Reform?
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Schwager, Robert
Public Finance Review, Vol. 32 (2004), Iss. 2 P.220
https://doi.org/10.1177/1091142103261677 [Citations: 1]