EconPapers    
Economics at your fingertips  
 

Unfunded Pensions and Endogenous Labor Supply

Torben M. Andersen and Joydeep Bhattacharya

ISU General Staff Papers from Iowa State University, Department of Economics

Abstract: A classic result in dynamic public economics states that there is no welfare rationale for pay-as-you-go (PAYG) pensions in a dynamically efficient overlapping-generations economy with exogenous labor supply. Parenthetically, a welfare justification for PAYG pensions exists if the economy is dynamically inefficient. Under the sufficient condition that the old be no less risk-averse than the young, both these results extend to an economy with endogenous labor supply.

Date: 2013-07-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://dr.lib.iastate.edu/server/api/core/bitstre ... 49e66f136a9c/content
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
Journal Article: UNFUNDED PENSIONS AND ENDOGENOUS LABOR SUPPLY (2013) Downloads
Working Paper: Unfunded Pensions and Endogenous Labor Supply (2012) Downloads
Working Paper: Unfunded pensions and endogenous labor supply (2012) Downloads
Working Paper: Unfunded pensions and endogenous labor supply (2009) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:isu:genstf:201307010700001057

Access Statistics for this paper

More papers in ISU General Staff Papers from Iowa State University, Department of Economics Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070. Contact information at EDIRC.
Bibliographic data for series maintained by Curtis Balmer ().

 
Page updated 2025-03-30
Handle: RePEc:isu:genstf:201307010700001057