Intergenerational Risk Sharing, Pensions, and Endogenous Labour Supply in General Equilibrium

被引：11

作者：

Beetsma, Roel M. W. J. ^{[1
]}

Romp, Ward E. ^{[1
]}

Vos, Siert J. ^{[2
]}

机构：

[1] Univ Amsterdam, NL-1018 WB Amsterdam, Netherlands

[2] MN Serv, NL-2595 AK The Hague, Netherlands

来源：

SCANDINAVIAN JOURNAL OF ECONOMICS | 2013年 / 115卷 / 01期

关键词：

Defined wage-indexed benefit; funding; overlapping generations; pay-as-you-go; pension systems; E21; SOCIAL-SECURITY; RARE DISASTERS;

D O I：

10.1111/j.1467-9442.2012.01732.x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We show that a two-tier pension system, with a pay-as-you-go first tier and a fully funded, defined wage-indexed second tier, can provide for optimal intergenerational risk-sharing without distorting the labour supply, thereby achieving the first best. Other arrangements with a fully-funded second tier fail to achieve the first best.

引用

页码：141 / 154

页数：14

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