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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w10444 |
来源ID | Working Paper 10444 |
Social Security and Trust Fund Management | |
Takashi Oshio | |
发表日期 | 2004-04-19 |
出版年 | 2004 |
语种 | 英语 |
摘要 | In this paper we investigate why and to what extent the government should have a social security trust fund, and how it should manage the fund in the face of demographic shocks, based on a simple overlapping-generations model. We show that, given an aging population, a trust fund in some form could achieve the (modified) golden rule or to offset the negative income effect of a PAYGO system. Besides, in a closed economy where factor-prices effects dominate, using the trust fund as a buffer for demographic shocks could lead to a widening of intergenerational inequality. We also the discuss policy implications of our analysis on the social security reform debate in Japan, including the fixed tax method and the use of the trust fund in the face of a rapidly aging population. |
主题 | Public Economics ; National Fiscal Issues ; Taxation |
URL | https://www.nber.org/papers/w10444 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/568073 |
推荐引用方式 GB/T 7714 | Takashi Oshio. Social Security and Trust Fund Management. 2004. |
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w10444.pdf(640KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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