In the absence of reform, the cost of pension is set to become unsustainable for our social security system. Two types of potential structural reforms are often considered: the move towards a fully funded system, or towards a system of notional accounts. In this paper, we review the strengths...

H11, H21, H24, P16

Tax systems are generally assessed through their ability to achieve efficiency and equity goals. The question raised in this article is why and how some of these systems can get created and/or stay and place without achieving any of these goals. The approach used is in the tradition of the...