Means-tested or Flat Pension? Pension Credit

Andras Simonovits ()
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Andras Simonovits: Institute of Economics, Research Center for Economic and Regional Studies,

No 1221, CERS-IE WORKING PAPERS from Institute of Economics, Centre for Economic and Regional Studies

Abstract: Pension systems fight myopia and reduce old-age poverty. Our simple model introduces heterogeneous wages, flexible labor supply, progressive personal income tax and pension credit. The socially optimal transfer system is close to the means-tested one proposed by Feldstein (1987).

Keywords: myopia; flat-plus pension; means-tested pension; pension credit (search for similar items in EconPapers)
JEL-codes: D91 H55 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2012-06
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Citations: View citations in EconPapers (2)

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