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A Reexamination of Basic Pension Reform Financed by a Consumption Tax: An Analysis Using the Right-to-Manage Model

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  • Ryouichi Ikeda

    (Graduate School of Economics, Osaka University)

Abstract

This paper examines pension premiums and a consumption tax as ways to finance basic pensions. The union wage model suggests that labor wage taxation increases the rate of unemployment. Using the right-to-manage model, it becomes clear that an increase in premiums for labor wages actually leads to increased unemployment rates. Furthermore, I argue that by decreasing premiums and introducing consumption tax for basic pension, the rate of unemployment will decrease. However, the study revealed that this basic pension reform would decrease benefits to individuals because of the additional charges.

Suggested Citation

  • Ryouichi Ikeda, 2009. "A Reexamination of Basic Pension Reform Financed by a Consumption Tax: An Analysis Using the Right-to-Manage Model," Discussion Papers in Economics and Business 09-08, Osaka University, Graduate School of Economics.
    • Handle: RePEc:osk:wpaper:0908
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    More about this item

    Keywords

    Pension; Unemployment; Union; Right-to-manage model;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • J51 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Trade Unions: Objectives, Structure, and Effects

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