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The overlapping generations model pioneered by Paul Samuelson is used to address an issue in Social Security. In the 1983 Social Security reform, Congress chose to build a substantial trust fund, with principal and interest both to be used for later benefits. That is, Congress chose payroll tax...
Persistent link: https://www.econbiz.de/10014065778
close to retirement. The age pattern is partly explained by the positive effect of pension wealth on disability pensions …
Persistent link: https://www.econbiz.de/10014476768
close to retirement. The age pattern is partly explained by the positive effect of pension wealth on disability pensions …
Persistent link: https://www.econbiz.de/10014370431
component of the German pension system with the aim of compensating for decreasing public pensions. However, data collected by …
Persistent link: https://www.econbiz.de/10012667059
Social Security trust fund portfolio diversification to include some equities reduces the equity premium by raising the safe real interest rate. This requires changes in taxes. Under the hypothesis of constant marginal returns to risky investments, trust fund diversification lowers the price of...
Persistent link: https://www.econbiz.de/10014191817
show that the forced savings programs intended to "reform" the social security system may increase the amount of …
Persistent link: https://www.econbiz.de/10014191843
close to retirement. The age pattern is partly explained by the positive effect of pension wealth on disability pensions …
Persistent link: https://www.econbiz.de/10014088379
mandatory pensions. Conversely, optimizing models of pension design typically do not include annual taxation of labor and … Atkinson-Stiglitz and Chamley-Judd results, this article raises the issue of tax-favored retirement savings, a topic where the …
Persistent link: https://www.econbiz.de/10013160217
mandatory pensions. Conversely, optimizing models of pension design typically do not include annual taxation of labor and … Atkinson-Stiglitz and Chamley-Judd results, this article raises the issue of tax-favored retirement savings, a topic where the …
Persistent link: https://www.econbiz.de/10013160366
close to retirement. The age pattern is partly explained by the positive effect of pension wealth on disability pensions …
Persistent link: https://www.econbiz.de/10013472034