How to Avoid a Pension Crisis: A Question of Intelligent System Design*

被引:20
作者
Cigno, Alessandro [1 ]
机构
[1] Univ Florence, Dipartimento Studi Stato, CESifo, CHILD & IZA, I-50127 Florence, Italy
关键词
Pension reform; implicit pension taxes and subsidies; child benefits; fertility; labour productivity; SOCIAL-SECURITY; FERTILITY BEHAVIOR; FAMILY;
D O I
10.1093/cesifo/ifp024
中图分类号
F [经济];
学科分类号
02 ;
摘要
Conventional pension systems suffer from a design defect, which makes them financially unsustainable, and a source of inefficiency for the economy as a whole. The article outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one allowing individuals to qualify for a pension by working and paying contributions in the usual way, and an unconventional one allowing them to qualify for a pension by having children, and investing time and money in their upbringing. (JEL codes: D13, D64, H55, J13, J14 and J26).
引用
收藏
页码:21 / 37
页数:17
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