Pension Reform in Brazil: Transitional Issues in a Model with Endogenous Labor Supply
AbstractBrazilian PAYG system has been under financial stress and needs to be reformed. I use a computational general equilibrium model, with 55 overlapping generations to simulate macroeconomic and welfare impacts of alternative social security reforms. Transition turns out to have quite different redistributional effects for the generations involved depending on which tax is used to finance it. Under a variety of possible transitional schemes, there is no tax path that is strictly preferred by every generation.
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Bibliographic InfoPaper provided by Economics Research Group, IBMEC Business School - Rio de Janeiro in its series IBMEC RJ Economics Discussion Papers with number 2005-02.
Date of creation: 25 Nov 2005
Date of revision:
Social Security; Welfare; General Equilibrium; Macroeconomics; Overlapping Generation;
Find related papers by JEL classification:
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
- D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
- D91 - Microeconomics - - Intertemporal Choice - - - Intertemporal Household Choice; Life Cycle Models and Saving
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- NEP-ALL-2005-12-09 (All new papers)
- NEP-CMP-2005-12-09 (Computational Economics)
- NEP-DGE-2005-12-09 (Dynamic General Equilibrium)
- NEP-MAC-2005-12-09 (Macroeconomics)
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