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Demographic change, endogenous labor supply and the political feasibility of pension reform

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dc.creator Breyer, Friedrich
dc.creator Stolte, Klaus
dc.date 2000
dc.date.accessioned 2013-10-16T06:58:50Z
dc.date.available 2013-10-16T06:58:50Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/18198
dc.identifier ppn:312723377
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/18198
dc.description Options for reforming unfunded public pension schemes that are now being discussed all share the feature that the burden induced by demographic change would be shifted towards presently living and away from unborn generations. Existing models of the political economy of pension reform can not explain why such reform options are being discussed at all. We present an alternative model in which the possibility of evasion of workers from payment of social security taxes is taken into account by modelling a labor supply function. It turns out that the burden of demographic change may fall completely or at least predominantly on the pensioners. Thus this type of model can much better explain recent trends in legislature on unfunded public pension systems in industrial democracies.
dc.language eng
dc.publisher Deutsches Institut für Wirtschaftsforschung (DIW) Berlin
dc.relation DIW-Diskussionspapiere 202
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject H55
dc.subject J18
dc.subject J22
dc.subject ddc:330
dc.subject Public Pensions
dc.subject Endogenous Labor Supply
dc.subject Demographic Change
dc.subject Rentenreform
dc.subject Alternde Bevölkerung
dc.subject Ökonomische Theorie der Demokratie
dc.subject Arbeitsangebot
dc.subject Overlapping Generations
dc.subject Rentenfinanzierung
dc.subject Umlageverfahren
dc.subject Theorie
dc.title Demographic change, endogenous labor supply and the political feasibility of pension reform
dc.type doc-type:workingPaper


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