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The intergenerational welfare state
Andersen, Torben M.; Bhattacharya, Joydeep - 2013
The welfare state is not merely a stand-in for missing markets; it can do a whole lot more. When generations overlap and the young must borrow to make educational investments, a dynamically-efficient welfare state, by taxing the middle-aged and offering a compensatory old-age pension, can...
Persistent link: https://www.econbiz.de/10009786214
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The intergenerational welfare state and the rise and fall of pay-as-you-go pensions
Andersen, Torben M.; Bhattacharya, Joydeep - 2015
Persistent link: https://www.econbiz.de/10011452305
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The Intergenerational Welfare State and the Rise and Fall of Pay-as-You-Go Pensions
Andersen, Torben M. - 2015
This paper develops a theory of the two-armed intergenerational welfare state, consistent with key features of modern …
Persistent link: https://www.econbiz.de/10013016885
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The Intergenerational Welfare State
Andersen, Torben M. - 2013
The welfare state is not merely a stand-in for missing markets; it can do a whole lot more. When generations overlap and the young must borrow to make educational investments, a dynamically-efficient welfare state, by taxing the middle-aged and offering a compensatory old-age pension, can...
Persistent link: https://www.econbiz.de/10013077021
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The intergenerational welfare state and the rise and fall of pay-as-you-go pensions
Andersen, Torben M.; Bhattacharya, Joydeep - In: The economic journal : the journal of the Royal … 127 (2017) 602, pp. 896-923
Persistent link: https://www.econbiz.de/10011750667
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Migration, redistribution and the universal welfare model
Andersen, Torben M. - 2012
and preferences) and thus be significantly affected by immigration affecting the distribution of characteristics … immigration, which may change the composition of the population in the ability and/or preference dimension. -- work incentives …
Persistent link: https://www.econbiz.de/10009550553
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Reference-dependent preferences, time inconsistency, and unfunded pensions
Andersen, Torben M.; Bhattacharya, Joydeep; Liu, Qing - 2020
Persistent link: https://www.econbiz.de/10012243348
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Reference-dependent preferences, time inconsistency, and unfunded pensions
Andersen, Torben M.; Bhattacharya, Joydeep; Liu, Qing - 2020 - This Version: April 17, 2020
-Samuelson result argues that, in theory, this is impossible. Later work has shown that it may be possible if agents, left on their own …
Persistent link: https://www.econbiz.de/10012211210
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The welfare state and strategies toward fiscal sustainability in Denmark
Andersen, Torben M.; Hougaard Jensen, Svend Erik; … - In: Sustainability of public debt, (pp. 161-192). 2008
Persistent link: https://www.econbiz.de/10003821381
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The welfare state and strategies towards fiscal sustainability in Denmark
Andersen, Torben M.; Hougaard Jensen, Svend Erik; … - 2004
Persistent link: https://www.econbiz.de/10002781953