To cap or not to cap on public pension

Insook Lee, Timothy Jun Lu () and Qian Chen
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Insook Lee: BNU - Beijing Normal University
Timothy Jun Lu: EM - EMLyon Business School
Qian Chen: Shenzhen Technology University (China, Shenzhen) - SZTU

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Abstract: Many countries actually put a cap on their public pension so that public pension contribution and benefit no longer increase above the cap, while others do not. Should the government remove the cap on the public pension? Using an overlapping-generations model, this article finds that putting a cap on the public pension is more socially desirable than removing it.

Keywords: capping public pension; public pension size; optimal public pension cap; social security tax cap (search for similar items in EconPapers)
Date: 2022-05-21
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Published in Applied Economics Letters, 2022, 29 (9), pp.812 - 816. ⟨10.1080/13504851.2021.1888860⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05606686

DOI: 10.1080/13504851.2021.1888860

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