Should Old-Age Benefits Be Earnings-Tested?

We study the welfare effects of earnings testing flat-rate old-age benefits in a quantitative overlapping generations model with idiosyncratic labor income risk. In our model economy, even a moderate earnings testing reduces individuals' expected lifetime utility, whenever other taxes are taken into account. Moreover, it also lowers the realized lifetime utilities of those at the bottom of the lifetime utility distribution

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Year of publication:	[2007]
Authors:	Määttänen, Niku
Other Persons:	Poutvaara, Panu (contributor)
Publisher:	[2007]: [S.l.] : SSRN
Subject:	Risiko \| Risk \| Altersvorsorge \| Retirement provision \| Overlapping Generations \| Overlapping generations \| Wohlfahrtsanalyse \| Welfare analysis \| Soziale Sicherheit \| Social security \| Lohn \| Wages \| Wirtschaftsmodell \| Economic model \| Theorie \| Theory

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Extent:	1 Online-Ressource (29 p)
Series:	IZA Discussion Paper ; No. 2616
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 2007 erstellt
Other identifiers:	10.2139/ssrn.969412 [DOI]
Classification:	H55 - Social Security and Public Pensions ; J26 - Retirement; Retirement Policies ; C68 - Computable General Equilibrium Models
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012777462