Advanced Search
MyIDEAS: Login to save this paper or follow this series

Funding the Transition from Pay-As-You-Go Pensions by Taking Capital Gains on Land

Contents:

Author Info

  • Mark A. Roberts
Registered author(s):

    Abstract

    The transition from unfunded pensions may impose a "double burden" on a transitional generation, which must both pay taxes to finance current pension liabilities and save for their own retirement. There are also economic gains which will accrue to future generations from increased rates of savings and capital accumulation. In an economy with land, traded as an asset, increased productivity will raise current and future rents, causing capital gains in the price of land, which may be taxed to alleviate the income tax burden on the transitional generation. For certain parameterizations, reform may be Pareto-improving.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.econ.ku.dk/epru/files/wp/WEB-blaa-2001-13.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics in its series EPRU Working Paper Series with number 01-13.

    as in new window
    Length:
    Date of creation:
    Date of revision:
    Handle: RePEc:kud:epruwp:01-13

    Contact details of provider:
    Postal: Ă˜ster Farimagsgade 5, Building 26, DK-1353 Copenhagen K., Denmark
    Phone: (+45) 3532 4411
    Fax: +45 35 32 30 00
    Email:
    Web page: http://www.econ.ku.dk/epru/
    More information through EDIRC

    Related research

    Keywords:

    This paper has been announced in the following NEP Reports:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:kud:epruwp:01-13. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Hoffmann).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.