Is there a social security tax wedge
AbstractA Beveridgean pension scheme invariably introduces a wedge between the wage rate and the marginal take-home pay. A Bis- marckian one can do so only if it is not actuarially fair, or in the presence of credit rationing. Interestingly, if the two possible sources of distortion are present at the same time, they will tend to oÂ¤set each other. The distortion may even change sign (the wedge may become a premium). In any case, the same pension contribution will discourage labour less if the scheme is Bismar- ckian, than if it is Beveridgean.
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Bibliographic InfoArticle provided by Elsevier in its journal Labour Economics.
Volume (Year): 15 (2008)
Issue (Month): 1 (February)
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Other versions of this item:
- Cigno, Alessandro, 2006. "Is There a Social Security Tax Wedge?," IZA Discussion Papers 1967, Institute for the Study of Labor (IZA).
- Alessandro Cigno, 2006. "Is there a Social Security Tax Wedge?," CESifo Working Paper Series 1772, CESifo Group Munich.
- Alessandro Cigno, 2006. "Is there a social security tax wedge?," CHILD Working Papers wp04_06, CHILD - Centre for Household, Income, Labour and Demographic economics - ITALY.
- H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
- J38 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Public Policy
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