Optimal Redistributive Pensions and the Cost of Self-Control
Pier-André Bouchard St-Amant () and
Cahiers de recherche from CIRPEE
We examine how the introduction of self-control preferences influence the trade-off between two fundamental components of a public pension system: the contribution rate and its degree of redistribution. The pension regime affects individuals’ welfare by altering how yielding to temptation (i.e. not saving, or saving less) is attractive. We show that proportional taxation increases the cost of self-control, and that this adverse effect is more acute when public pensions become more redistributive.
Keywords: Taxation; Redistribution; Pensions; Self-control (search for similar items in EconPapers)
JEL-codes: D03 H21 H55 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-age and nep-pub
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Journal Article: Optimal redistributive pensions and the cost of self-control (2015)
Working Paper: Optimal Redistributive Pensions and the Cost of Self-Control (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:lvl:lacicr:1412
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