We analyse how a reduced contribution rate affects the balanced pay-as-you-go pension budget in the basic overlapping generations model of neoclassical growth (Diamond, P., 1965. National debt in a neoclassical growth model. American Economic Review 55 (5), 1126–1150). It is shown that PAYG pensions can be increased by reducing the payroll tax paid by the young contributors.
Increasing PAYG pension benefits and reducing contribution rates
Luciano Fanti;GORI, LUCA
2010-01-01
Abstract
We analyse how a reduced contribution rate affects the balanced pay-as-you-go pension budget in the basic overlapping generations model of neoclassical growth (Diamond, P., 1965. National debt in a neoclassical growth model. American Economic Review 55 (5), 1126–1150). It is shown that PAYG pensions can be increased by reducing the payroll tax paid by the young contributors.File in questo prodotto:
| File | Dimensione | Formato | |
|---|---|---|---|
|
Fanti and Gori 2010 ECOLETT.pdf
solo utenti autorizzati
Tipologia:
Versione finale editoriale
Licenza:
NON PUBBLICO - Accesso privato/ristretto
Dimensione
126.82 kB
Formato
Adobe PDF
|
126.82 kB | Adobe PDF | Visualizza/Apri Richiedi una copia |
|
ECOLETT_Post_Print.pdf
Open Access dal 01/06/2012
Tipologia:
Documento in Post-print
Licenza:
Creative commons
Dimensione
366.89 kB
Formato
Adobe PDF
|
366.89 kB | Adobe PDF | Visualizza/Apri |
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
