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* Ihre Aktion  Suchen Evaluating pay-as-you-go social security systems
Online Ressourcen (ohne Zeitschr.)
[Elektronische Ressource]
Titel: 
Verfasser: 
Veröffentlichungsangabe: 
Bern : Univ., Fac. of Business, Economics and Social Sciences, Dep. of Economics, 2015
Umfang: 
Online-Ressource (37 S.) : graph. Darst.
Sprache/n: 
Englisch
Schriftenreihe: 
Anmerkung: 
This paper proposes a method for the welfare analysis of pay-as-you-go social security systems. We derive a formula for the welfare consequences of a permanent marginal change in the payroll tax rate that is valid under weak assumptions about the deep structure of the economy. Our approach requires neither a full specification of preferences and technology, nor knowledge of the individual savings behavior. Instead of parameterizing and calibrating the deep model structure, we implement our formula based on reduced form estimates of a VAR model. We apply our method to evaluate the social security system in the United States.
Identifier: 
Handle: 10419/126625
Art/Inhalt: 
Online-Publikation / Online publication
Autoren-Keywords: 
social security system / overlapping generations / optimal payroll taxes / welfare analysis / reduced form VAR
Mehr zum Thema: 
Journal of Economic Literature: E62 ; H55
 
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