Arbeitspapier
Improving the Equity-Efficiency Trade-Off: Mandatory Savings Accounts for Social Insurance
In the modern welfare state a substantial part of an individuals tax bill is transferred back to the same individual taxpayer in the form of social transfers. This provides a rationale for financing part of social insurance through mandatory savings accounts. We analyze the behavioral and welfare effects of compulsory savings accounts in an intertemporal model with uncertainty, endogenous involuntary unemployment and retirement decisions, credit constraints, and heterogeneous agents. We show that the introduction of (early) retirement and unemployment accounts generates a Pareto improvement by enabling the government to provide lifetime income insurance and liquidity insurance ina more effcient manner.
- Sprache
-
Englisch
- Erschienen in
-
Series: EPRU Working Paper Series ; No. 2003-07
- Klassifikation
-
Wirtschaft
- Thema
-
Sozialversicherung
Sparen
Pflichtversicherung
Wirtschaftliche Effizienz
Soziale Gerechtigkeit
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bovenberg, Lars
Birch Sørensen, Peter
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Copenhagen, Economic Policy Research Unit (EPRU)
- (wo)
-
Copenhagen
- (wann)
-
2003
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Bovenberg, Lars
- Birch Sørensen, Peter
- University of Copenhagen, Economic Policy Research Unit (EPRU)
Entstanden
- 2003
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