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Notional Defined Contribution Pension Systems in a Stochastic Context : Design and Stability

Auerbach, Alan J. - 2010

Around the world, Pay-As-You-Go (PAYGO) public pension programs face serious long-term fiscal problems due primarily to actual and projected population aging, and most appear unsustainable as currently structured. Some have proposed the replacement of such plans with systems of fully funded...

Persistent link: https://www.econbiz.de/10012760480

The Efficiency Gains from Social Security Benefit - Tax Linkage

Auerbach, Alan J.; Kotlikoff, Laurence J. - 2021

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/10013221117

Propagation and Smoothing of Shocks in Alternative Social Security Systems

Auerbach, Alan J. - 2013

Even with well-developed capital markets, there is no private market mechanism for trading between current and future generations, so a potential role for public old-age pension systems is to spread economic and demographic shocks among different generations. This paper evaluates the smoothing...

Persistent link: https://www.econbiz.de/10013080219

Social Security and Medicare Policy from the Perspective of Generational Accounting

Auerbach, Alan J.; Gokhale, Jagadeesh; Kotlikoff, … - 2021

Our previous study (Auerbach, Gokhale and Kotlikoff 1991) introduced the concept of generational accounting, a method of determining how the burden of fiscal policy falls on different generations. it found that fiscal policy in the U.S. is out of balance, in terms of projected generational...

Persistent link: https://www.econbiz.de/10013212901

The Efficiency Gains from Dynamic Tax Reform

Auerbach, Alan J.; Kotlikoff, Laurence J.; Skinner, … - 2021

This paper presents a new simulation methodology for determining the pure efficiency gains from tax reform along the … very large efficiency cost …

Persistent link: https://www.econbiz.de/10013236713

A Note on the Efficient Design of Investment Incentives

Auerbach, Alan J. - 2021

In a recent article in this Journal, Robin Boadway has argued that the appropriate requirement for neutrality is that the present value of the returns from an initial investment of [1pound], using the social discount rate, should be equal for all projects undertaken at the margin. We have few...

Persistent link: https://www.econbiz.de/10013231001

Taxation and Economic Efficiency

Auerbach, Alan J.; Hines Jr., James R. - 2021

(subject to achieving other government objectives). It starts with a review of the theory and practice of deadweight loss …

Persistent link: https://www.econbiz.de/10013228969

How the Growing Gap in Life Expectancy May Affect Retirement Benefits and Reforms

Auerbach, Alan J. - 2017

Older Americans have experienced dramatic gains in life expectancy in recent decades, but an emerging literature reveals that these gains are accumulating mostly to those at the top of the income distribution. We explore how growing inequality in life expectancy affects lifetime benefits from...

Persistent link: https://www.econbiz.de/10012958580

An Examination of Empirical Tests of Social Security and Savings

Auerbach, Alan J.; Kotlikoff, Laurence J. - 2021

The effect of social security and other forms of government debt on national savings is one of the most widely debated policy questions in economics today. Some estimates suggest that social security has reduced U.S. savings by almost forty percent. This paper examines recent cross-section and...

Persistent link: https://www.econbiz.de/10013221107

Generational Accounting in Korea

Auerbach, Alan J.; Chun, Young-Jun - 2021

This paper reassesses the long-term fiscal position of Korea using Generational Accounting, modified to reflect the special features of the Korean fiscal situation, such as prospective changes in public pension benefit profiles and social welfare expenditures due to the maturing of public...

Persistent link: https://www.econbiz.de/10013233719