We study the welfare effects of earnings testing flat-rate old-age benefits in a quantitative overlapping generations model with idiosyncratic labor income risk. In our model economy, even a moderate earnings testing reduces individuals' expected lifetime utility, whenever other taxes are taken...

Since 1984, Social Security beneficiaries with total income exceeding certain thresholds have been required to pay federal income tax on some of their benefit income. Because those income thresholds have remained unchanged while wages have increased, the proportion of beneficiaries who must pay...

Several recent studies have examined the steady-state welfare implications of mortality differentials within unfunded Social Security systems, concluding that these differentials undermine the progressivity of the system and make society worse-off relative to alternative public pension schemes....

This paper studies the redistribution and welfare effects of increasing the flexibility of individual pension take-up. We use an overlapping-generations model with Beveridgean pay-as-you-go pensions, where individuals differ in ability and life span. We find that introducing flexible pension...

This paper studies the redistribution and welfare effects of increasing the flexibility of individual pension take-up. We use an overlapping-generations model with Beveridgean pay-as-you-go pensions, where individuals differ in ability and life span. We find that introducing flexible pension...

We consider three transfer models with a representative individual who discounts the utility of the merit good with respect to the standard one's. In each model, a paternalistic government taxes the consumer and transfers him additional merit goods in return. The private purchase of the merit...

This paper studies the redistribution and welfare effects of increasing the flexibility of individual pension take-up. We use an overlapping-generations model with Beveridgean pay-as-you-go pensions, where individuals differ in ability and life span. We find that introducing flexible pension...

This article search to evaluate the impacts of the General Regimen of Social Security (RGPS) on the well-being of the society and on some macroeconomic variables. The analysis will be made by means of the numerical simulation of a model of overlapping generations, calibrated to reproduce the...

In this paper we quantitatively explore the overall welfare bene ts of social health insur-ance which is embedded in the US mixed health insurance system. We compare the currentUS mixed insurance system to three alternative systems: (i) a no health insurance system,(ii) a purely private health...

The paper is dedicated to the study of the process of gender analysis of public spending allocated by the Government to the needs of the ordinary citizens. This must be applied in the form of regular payments or allowances, which will not contain discrimination by first of all, gender,...