Arbeitspapier

Social Security Incentives and Human Capital Investment

While the effect of social security systems on retirement decisions has received much attention, the impact of these systems on individuals' incentives to invest in their human capital has not been analyzed. We integrate human capital investment and retirement decisions in a simple analytical life-cycle model with full certainty and investigate how different social security schemes may a¤ect welfare, human capital investment and labor supply. We analyze and compare three different social security systems. Our results suggest that actuarial adjustment and the link between individual social security contributions and benefits increase human capital investment and postpone retirement.

Sprache
Englisch

Erschienen in
Series: CESifo Working Paper ; No. 438

Klassifikation
Wirtschaft
Thema
Social security
retirement
education
human capital
labor supply

Ereignis
Geistige Schöpfung
(wer)
Lau, Morten I.
Poutvaara, Panu
Ereignis
Veröffentlichung
(wer)
Center for Economic Studies and ifo Institute (CESifo)
(wo)
Munich
(wann)
2001

Handle
Letzte Aktualisierung
10.03.2025, 11:42 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.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Lau, Morten I.
  • Poutvaara, Panu
  • Center for Economic Studies and ifo Institute (CESifo)

Entstanden

  • 2001

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