English, Article edition: On the Distributional Effects of Social Security Reform Mark Huggett; Gustavo Ventura

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Bookmark: http://trove.nla.gov.au/version/57835
Physical Description
  • article
Language
  • English

Edition details

Title
  • On the Distributional Effects of Social Security Reform
Author
  • Mark Huggett
  • Gustavo Ventura
Physical Description
  • article
Notes
  • How will the distribution of welfare, consumption and leisure across households be affected by social security reform? This paper addresses this question for social security reforms with a two-tier structure by comparing steady states under a realistic version of the current US system and under the two-tier system. The first tier is a mandatory, defined-contribution pension offering a retirement annuity proportional to the value of taxes paid, whereas the second tier guarantees a minimum retirement income. Our findings, which are summarized in the introduction, do not in general favor the implementation of pay-as-you go versions of the two-tier system for the US economy. (Copyright: Elsevier)
  • social security, distribution
  • RePEc:red:issued:v:2:y:1999:i:3:p:498-531
Language
  • English
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