Optimal Cap on Pension Contributions
In our model, the government operates a mandatory proportional (contributive) pension system to substitute for the low life-cycle savings of the low-paid myopes. The socially optimal contribution rate is high (equalizing young- and old-age consumption for them), while an appropriate cap on pension contributions makes room for the saving of high-paid far-sighted workers. In our parameterization (with a Pareto earning distribution), the optimal cap can be determined but its aggregate impact is negligible.
|Date of creation:||Mar 2012|
|Contact details of provider:|| Postal: 1112 Budapest, Budaorsi ut 45.|
Phone: (+36-1) 309-2652
Fax: (36-1) 319-3136
Web page: http://econ.core.hu
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Judit Karsai, 2012. "Development of the Hungarian Venture Capital and Private Equity Industry over the Past Two Decades," IEHAS Discussion Papers 1201, Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences.
- Ursula Schwarzhaupt & Salvador Valdés-Prieto, 2010.
"Optimal Compulsion when Behavioral Biases vary and the State Errs,"
Documentos de Trabajo
389, Instituto de Economia. Pontificia Universidad Católica de Chile..
- Salvador ValdÃ©s-Prieto & Ursula Schwarzhaupt, 2011. "Optimal Compulsion when Behavioral Biases Vary and the State Errs," CESifo Working Paper Series 3316, CESifo Group Munich.
- Casamatta, Georges & Cremer, Helmuth & Pestieau, Pierre, 2000. " The Political Economy of Social Security," Scandinavian Journal of Economics, Wiley Blackwell, vol. 102(3), pages 503-522, June.
- CASAMATTA, Georges & CREMER , Helmuth & PESTIEAU, Pierre, "undated". "The political economy of social security," CORE Discussion Papers RP 1475, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Georges Casamatta & Helmuth Cremer & Pierre Pestieau, 2000. "The Political Economy of Social Security," CESifo Working Paper Series 259, CESifo Group Munich.
- CASAMATTA, Georges & CREMER, Helmuth & PESTIEAU, Pierre, 1999. "The political economy of social security," CORE Discussion Papers 1999055, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Zsolt Darvas, 2011. "A tale of three countries: recovery after banking crises," Policy Contributions 663, Bruegel.
- Zsolt Darvas, 2012. "A Tale of Three Countries: Recovery after Banking Crises," IEHAS Discussion Papers 1202, Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences.
- Zsolt Darvas, 2011. "A Tale of Three Countries: Recovery after Banking Crises," Working Papers 1106, Department of Mathematical Economics and Economic Analysis, Corvinus University of Budapest.
- Simonovits, András, 2011. "When are voluntary pensions indifferent?," Economics Letters, Elsevier, vol. 111(2), pages 155-157, May.
- Barr, Nicholas & Diamond, Peter, 2008. "Reforming Pensions: Principles and Policy Choices," OUP Catalogue, Oxford University Press, number 9780195311303. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:has:discpr:1208. 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: (Adrienn Foldi)
If references are entirely missing, you can add them using this form.