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来源类型Working Paper
规范类型报告
DOI10.3386/w10444
来源IDWorking 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
URLhttps://www.nber.org/papers/w10444
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/568073
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GB/T 7714
Takashi Oshio. Social Security and Trust Fund Management. 2004.
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