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One of the biggest criticisms leveled at defined contribution individual account (IA) components of social security systems is that they are too expensive. This paper investigates the cost-effectiveness of three options for constructing funded social security pillars: 1) IA's invested in the...
Persistent link: https://www.econbiz.de/10012471752
This paper examines the efficiency gains from linking marginal Social Security benefits to marginal Social Security … effective marginal federal government taxation of labor supply would average roughly 38 percent. Since the efficiency costs of … dead weight loss of labor income taxation.The findings of this paper suggest that there may be very significant efficiency …
Persistent link: https://www.econbiz.de/10012477435
This paper argues that pensions are used as severance pay devices in an efficient compensation scheme. The major points of the study are: (1) Severance pay, which takes the form of higher pension values for early retirement, is widespread. (2) A major reason for the existence of pensions is the...
Persistent link: https://www.econbiz.de/10012478257
Persistent link: https://www.econbiz.de/10013481221
, privatization reduces efficiency by about $5,600 per future household despite improved labor supply incentives … matching actually harms efficiency. However, increasing the progressivity of the remaining traditional system is very effective … at restoring risk sharing, thereby allowing partial privatization to produce efficiency gains of $2,700 per future …
Persistent link: https://www.econbiz.de/10012467055
This paper studies the market provision of a specific type of public good: radio and television broadcasts. Its main focus is to explore the ability of the market to provide broadcasting efficiently in a world in which broadcasters earn revenues by selling time to advertisers and advertisements...
Persistent link: https://www.econbiz.de/10012471263
This paper describes an efficiency approach to the evaluation of policy changes. Rather than comparing the utility …
Persistent link: https://www.econbiz.de/10012471468
This paper explores the trade-off between incentive effects and administrative costs associated with the implementation of various environmental tax instruments, with special reference to carbon taxes. In a simple model, we show under what conditions it is optimal to use input rather than...
Persistent link: https://www.econbiz.de/10012471486
instruments. In a simple model with identical consumers, we show conditions under which the same efficiency can be attained by the … efficiency can again be obtained, but only if each person's gasoline tax rate can be made to depend on the characteristics of the …
Persistent link: https://www.econbiz.de/10012471742
literature has been prominent in legislative debates about taxation as a tool to discourage smoking, and has contributed theory … research and several equity and efficiency concerns accompanying cigarette taxation debates. It includes economic analysis of …
Persistent link: https://www.econbiz.de/10012471754