Means-tested or Flat Pension? Pension Credit

Pension systems fight myopia and reduce old-age poverty. Our simple model introduces heterogeneous wages, flexible labor supply, progressive personal income tax and pension credit. The socially optimal transfer system is close to the means-tested one proposed by Feldstein (1987).

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Year of publication:	2012-06
Authors:	Simonovits, Andras
Institutions:	Közgazdaság-tudományi Intézet, Közgazdaság- és Regionális Tudományi Kutatóközpont
Subject:	myopia \| flat-plus pension \| means-tested pension \| pension credit

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Extent:	application/pdf
Series:	IEHAS Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 1221 14 pages
Classification:	H55 - Social Security and Public Pensions ; D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010693819