Arbeitspapier
Is there a social security tax wedge?
A Beveridgean pension scheme invariably introduces a wedge between the wage rate and the marginal take-home pay. A Bismarckian one can do so only if it is not actuarially fair, or in the presence of credit rationing. Interestingly, if the two possible sources of distortion are present at the same time, they will tend to offset each other. The distortion may even change sign (the wedge may become a premium). In any case, the same pension contribution will discourage labour less if the scheme is Bismarckian, than if it is Beveridgean.
- Sprache
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Englisch
- Erschienen in
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Series: IZA Discussion Papers ; No. 1967
- Klassifikation
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Wirtschaft
Fiscal Policies and Behavior of Economic Agents: Household
Social Security and Public Pensions
Wages, Compensation, and Labor Costs: Public Policy
- Thema
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tax wedge
Bismarck
Beveridge
public pensions
implicit pension tax
labour
- Ereignis
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Geistige Schöpfung
- (wer)
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Cigno, Alessandro
- Ereignis
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Veröffentlichung
- (wer)
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Institute for the Study of Labor (IZA)
- (wo)
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Bonn
- (wann)
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2006
- Handle
- Letzte Aktualisierung
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20.09.2024, 08:25 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Cigno, Alessandro
- Institute for the Study of Labor (IZA)
Entstanden
- 2006