Is there a social security tax wedge?
A Beveridgean pension scheme discourages labour, and is bad for effciency. A Bismarckian one may encourage labour, and be good for effciency. In any case, the same contribution level will discourage labour and reduce effciency less if the scheme is Bismarckian, than if it is Beveridgean.
Saved in:
Published in | Labour economics Vol. 15; no. 1; pp. 68 - 77 |
---|---|
Main Author | |
Format | Journal Article |
Language | English |
Published |
Elsevier B.V
01.02.2008
Elsevier |
Series | Labour Economics |
Subjects | |
Online Access | Get full text |
Cover
Loading…
Summary: | A Beveridgean pension scheme discourages labour, and is bad for effciency. A Bismarckian one may encourage labour, and be good for effciency. In any case, the same contribution level will discourage labour and reduce effciency less if the scheme is Bismarckian, than if it is Beveridgean. |
---|---|
ISSN: | 0927-5371 1879-1034 |
DOI: | 10.1016/j.labeco.2006.11.003 |