Welfare effects of unfunded pension systems when labor supply is endogenous

Article Abstract:

Welfare losses can be suffered by a mandatory unfunded pension system which levies contributions in a manner that distorts the labor supply decision of the individuals. An overlapping-generations model for a closed economy is used to demonstrate this assertion. In addition, it is indicated that gradual abolition of unfunded pensions can result in an intergenerational Pareto improvement when certain conditions are met. The study extends to the closed economy findings made by S.Homburg regarding a small open economy.

Economic aspects, Pension funds, Labor supply, Labor force

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Uniform taxation and consumer preferences

Article Abstract:

Previous research has shown that the tax optima is not necessarily characterized by the first-order conditions of the Ramsey tax problem. These results have made researchers wary of using the first-order conditions. However, a version of the first-order condition can be used to determine optimal uniform taxation. A necessary and sufficient condition for optimal uniform condition in terms of wage-compensated labor supply and a closed-form representation for preferences is presented.

Research, Models, Reports, Tax research, Consumer preferences, Taxation

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Understanding welfare stigma: taxpayer resentment and statistical discrimination

Article Abstract:

Two equilibrium models that determine welfare stigma are presented. The 'statistical discrimination approach' deals with the formalization of a sociological approach to welfare stigma. The second theory called 'taxpayer resentment view' deals with the consequences of raising taxes to finance welfare programs. Both theories claim that welfare stigma reduction can be done through system-wide self-targeting improvements in the workfare program or through greater taxpayer examination.

Social aspects, Welfare recipients, Stigma (Social psychology)

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