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Pareto-improving transition from a pay-as-you-go to a fully funded pension system in a model with differing earning abilities

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Fenge, R., Schwager, R. Pareto-improving transition from a pay-as-you-go to a fully funded pension system in a model with differing earning abilities. Journal of Contextual Economics – Schmollers Jahrbuch, 115(3), 367-376. https://doi.org/10.3790/schm.115.3.367
Fenge, Robert and Schwager, Robert "Pareto-improving transition from a pay-as-you-go to a fully funded pension system in a model with differing earning abilities" Journal of Contextual Economics – Schmollers Jahrbuch 115.3, 1995, 367-376. https://doi.org/10.3790/schm.115.3.367
Fenge, Robert/Schwager, Robert (1995): Pareto-improving transition from a pay-as-you-go to a fully funded pension system in a model with differing earning abilities, in: Journal of Contextual Economics – Schmollers Jahrbuch, vol. 115, iss. 3, 367-376, [online] https://doi.org/10.3790/schm.115.3.367

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Pareto-improving transition from a pay-as-you-go to a fully funded pension system in a model with differing earning abilities

Fenge, Robert | Schwager, Robert

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 115 (1995), Iss. 3 : pp. 367–376

1 Citations (CrossRef)

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Article Details

Fenge, Robert

Schwager, Robert

Cited By

  1. Does Old Capital Matter for Implementing a Pareto-Improving Tax Reform?

    Gaube, Thomas

    Schwager, Robert

    Public Finance Review, Vol. 32 (2004), Iss. 2 P.220

    https://doi.org/10.1177/1091142103261677 [Citations: 0]

Abstract

This paper resumes the discussion whether a Pareto-improving transition from a pay-as-you-go to a fully funded pension system is possible. In contrast to recent work it is shown that in a model with differing individuals, where labour supply is endogenous and contributions to the pay-as-you-go system are raised as an income tax, its abolition is a Pareto-improvement if the labour incomes of both individuals do not differ too much or if the distortion by the wage tax is large.