OPTIMAL PAY-AS-YOU-GO SOCIAL SECURITY WITH ENDOGENOUS RETIREMENT
OPTIMAL PAY-AS-YOU-GO SOCIAL SECURITY WITH ENDOGENOUS RETIREMENT
复制标题
最佳现收现付社会保障与内生退休
DOI:
10.1017/s1365100517000062
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发表时间:
2017
影响因子:
0.9
通讯作者:
K. Miyazaki
中科院分区:
文献类型:
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作者:
K. Miyazaki
This paper considers an overlapping-generations model with pay-as-you-go social security and retirement decision making by an old agent. In addition, this paper assumes that labor productivity depreciates. Under this setting, socially optimal allocations are examined. The first-best allocation is an allocation that maximizes welfare when a social planner distributes resources and forces an old agent to work and retire as she wants. The second-best allocation is one that maximizes welfare when a social planner can use only pay-as-you-go social security in a decentralized economy. This paper finds a range of an old agent's labor productivity such that the first-best allocation is achieved in a decentralized economy. This finding differs from that in Michel and Pestieau [“Social security and early retirement in an overlapping-generations growth model”, Annals of Economics & Finance, 2013], which notes that the first-best allocation cannot be achieved in a decentralized economy.
DOI:
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发表时间:
2007
期刊:
影响因子:
--
作者:
小西秀樹;小西秀樹;Hideki Konishi;小西秀樹;小西秀樹;小西秀樹;Hideki Konishi;小西秀樹;小西秀樹;小西秀樹;Hideki Konishi
通讯作者:
Hideki Konishi