A note on intergenerational risk sharing and the design of pay-as-you-go pension programs

被引：0
|
作者：
Øystein Thøgersen
机构：
[1] SNF and Norwegian School of Economics and Business Administration,
[2] Institute of Economics,undefined
[3] Helleveien 30,undefined
[4] N-5035 Bergen-Sandviken,undefined
[5] Norway (Fax: +47 55 959543; e-mail: oystein.thogersen@snf.no),undefined
来源：
Journal of Population Economics | 1998年 / 11卷
关键词：
Key words: Intergenerational risk sharing; social security; public pension programs; JEL classification: H55;
D O I：
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中图分类号：
学科分类号：
摘要：
Different versions of pay-as-you-go public pension programs may have entirely different effects on the intergenerational distribution of income risk. If the pension benefit is a fixed proportion of previous labor income, a pay-as-you-go program increases the net income risk of all generations. On the other hand, a pay-as-you-go program characterized by a fixed labor income tax rate and uncertain pension benefits provides intergenerational risk sharing.
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页码：373 / 378
页数：5
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