Arbeitspapier
Intergenerational risk sharing, pensions and endogenous labor supply in general equilibrium
In the context of a two-tier pension system, with a pay-as-you-go first tier and a fully funded second tier, we demonstrate that a system with a defined wage-indexed second tier performs strictly better than one with a defined contribution or defined real benefit second tier. The former completely separates systematic redistribution (confined to the first tier) from intergenerational risk sharing (the role of the second tier). This way labor supply is undistorted.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 2185
- Klassifikation
-
Wirtschaft
Macroeconomics: Consumption; Saving; Wealth
- Thema
-
funded pensions
risk sharing
overlapping generations
endogenous labour supply
Generationenbeziehungen
Risikopräferenz
Alterssicherung
Overlapping Generations
Allgemeines Gleichgewicht
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Beetsma, Roel
Romp, Ward E.
Vos, Siert J.
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Beetsma, Roel
- Romp, Ward E.
- Vos, Siert J.
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2008
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