| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2046 |
| DP2046 Distributive Politics and the Costs of Centralization | |
| Ben Lockwood | |
| 发表日期 | 1998-12-18 |
| 出版年 | 1998 |
| 语种 | 英语 |
| 摘要 | It is argued that a PAYGO system may have useful allocative functions in that it serves as an insurance against not having children and as an enforcement device for 'rotten kids' who are unwilling to pay their parents a pension. It is true that the system has a moral hazard effect in terms of reducing the investment in human capital, but, if it is run on a sufficiently small scale, this effect will not be strong enough to prevent a welfare improvement. If, on the other hand, the scale of the system is so large that parents bequeath some of their pensions to their children, it is overdrawn and creates unnecessarily strong disincentives for human capital investment. |
| 主题 | Public Economics |
| 关键词 | Fertility Migration Public pensions Social security |
| URL | https://cepr.org/publications/dp2046 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531171 |
| 推荐引用方式 GB/T 7714 | Ben Lockwood. DP2046 Distributive Politics and the Costs of Centralization. 1998. |
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