| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16380 |
| DP16380 Progressive Pensions as an Incentive for Labor Force Participation | |
| Fabian Kindermann; Veronika Pueschel | |
| 发表日期 | 2021-07-21 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | In this paper, we challenge the conventional idea that an increase in the progressivity of old-age pensions unanimously distorts the labor supply decision of households. So far, the literature has argued that higher pension progressivity leads to more redistribution and insurance provision on the one hand, but increases implicit taxes and therefore distorts labor supply choices on the other. In contrast, we show that a well-designed reform of the pension system has the potential to encourage labor force participation. We propose a progressive pension component linked to the employment decision of households, which implicitly subsidizes employment of the productivity poor. A simulation analysis in a quantitative stochastic overlapping generations model with productivity and longevity risk indicates that this positive employment effect can be sizable and welfare enhancing. |
| 主题 | Macroeconomics and Growth ; Public Economics |
| URL | https://cepr.org/publications/dp16380 |
| 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/545344 |
| 推荐引用方式 GB/T 7714 | Fabian Kindermann,Veronika Pueschel. DP16380 Progressive Pensions as an Incentive for Labor Force Participation. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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