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This paper compares two general methods of privatization social security: forced participation in the new privatized … payroll tax rate is better at shifting the burden to future workers who benefit from privatization …
Persistent link: https://www.econbiz.de/10012472378
compares achieving progressivity as part of privatization reform by a) providing a pay-as-you-go-financed minimum benefit to …. Maintaining this liability limits the effect of privatization on saving and capital accumulation. Second, the tax financing the …
Persistent link: https://www.econbiz.de/10012472380
alternative privatization schemes using the Auerbach-Kotlikoff Dynamic Life-Cycle Model. The simulations indicate three things … long-run gains from privatization are larger if privatization redistributes resources from initial to future generations …, the pure efficiency gains from privatization are also substantial. Efficiency gains refers to the welfare improvement …
Persistent link: https://www.econbiz.de/10012473058
effects of privatizing social security, and a simple privatization proposal, the Personal Security System, to discuss other … issues associated with privatization. According to the AK Model, privatizing social security can create major long … compensated for losses from privatization. The precise size of the efficiency gain depends on the existing tax structure, linkage …
Persistent link: https://www.econbiz.de/10012473540