Increasing PAYG pension benefits and reducing contribution rates

被引:15
作者
Fanti, Luciano [1 ]
Gori, Luca [1 ]
机构
[1] Univ Pisa, Dept Econ, I-56124 Pisa, PI, Italy
关键词
PAYG pension; OLG model; GROWTH;
D O I
10.1016/j.econlet.2009.01.001
中图分类号
F [经济];
学科分类号
02 ;
摘要
We analyse how a reduced contribution rate affects the balanced pay-as-you-go pension budget in the basic overlapping generations model of neoclassical growth (Diamond, P., 1965. National debt in a neoclassical growth model. American Economic Review 55 (5), 1126-1150). It is shown that PAYG pensions can be increased by reducing the payroll tax paid by the young contributors. (C) 2009 Elsevier B.V. All rights reserved.
引用
收藏
页码:81 / 84
页数:4
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