Measuring the Welfare Loss of Pension Mandates: A Methodology and Example

Kathy Hayes and Shawna Grosskopf
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Kathy Hayes: Northern Illinois University

Public Finance Review, 1985, vol. 13, issue 1, 47-62

Abstract: In this article we employ recent advances in measuring consumer's surplus (and the related Hicksian compensation measures) to measure the impact of state mandates requiring local governments to establish minimum pensions for their employees. We measure the Hicksian compensating variation of the price distortion caused by such mandates and compare those losses to those calculated using a Harberger-type second-order approximation method.

Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:sae:pubfin:v:13:y:1985:i:1:p:47-62

DOI: 10.1177/109114218501300103

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