具有内生劳动力供给的最优养老金

IF 2.1 4区经济学 Q2 ECONOMICS

Economics Letters Pub Date : 2024-11-01 DOI:10.1016/j.econlet.2024.112033

Michael Hatcher

{"title":"具有内生劳动力供给的最优养老金","authors":"Michael Hatcher","doi":"10.1016/j.econlet.2024.112033","DOIUrl":null,"url":null,"abstract":"<div><div>We show that a two-part pension system provides optimal capital accumulation without distorting labour supply, thereby achieving the <em>first-best</em>. An economy with too little retirement saving should combine a <em>negative</em> income tax with a consumption tax to replicate the first-best allocation without using any lump-sum taxes. Our results are shown in a classic Diamond overlapping generations model that is augmented with endogenous labour supply on the intensive margin.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":null,"pages":null},"PeriodicalIF":2.1000,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Optimal pensions with endogenous labour supply\",\"authors\":\"Michael Hatcher\",\"doi\":\"10.1016/j.econlet.2024.112033\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>We show that a two-part pension system provides optimal capital accumulation without distorting labour supply, thereby achieving the <em>first-best</em>. An economy with too little retirement saving should combine a <em>negative</em> income tax with a consumption tax to replicate the first-best allocation without using any lump-sum taxes. Our results are shown in a classic Diamond overlapping generations model that is augmented with endogenous labour supply on the intensive margin.</div></div>\",\"PeriodicalId\":11468,\"journal\":{\"name\":\"Economics Letters\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":2.1000,\"publicationDate\":\"2024-11-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Economics Letters\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S0165176524005172\",\"RegionNum\":4,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q2\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economics Letters","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0165176524005172","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}

引用次数: 0

摘要

我们的研究表明，由两部分组成的养老金制度可以在不扭曲劳动力供给的情况下提供最优的资本积累，从而实现第一最优。退休储蓄过少的经济体应将负所得税与消费税结合起来，在不使用任何一次性税收的情况下复制第一最优分配。我们的研究结果是在一个经典的戴蒙德世代重叠模型中得出的，该模型在密集边上增加了内生劳动力供给。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

查看原文本刊更多论文

Optimal pensions with endogenous labour supply

We show that a two-part pension system provides optimal capital accumulation without distorting labour supply, thereby achieving the first-best. An economy with too little retirement saving should combine a negative income tax with a consumption tax to replicate the first-best allocation without using any lump-sum taxes. Our results are shown in a classic Diamond overlapping generations model that is augmented with endogenous labour supply on the intensive margin.

求助全文

通过发布文献求助，成功后即可免费获取论文全文。去求助

来源期刊

Economics Letters ECONOMICS-

CiteScore

3.20

自引率

5.00%

发文量

348

审稿时长

30 days

期刊介绍： Many economists today are concerned by the proliferation of journals and the concomitant labyrinth of research to be conquered in order to reach the specific information they require. To combat this tendency, Economics Letters has been conceived and designed outside the realm of the traditional economics journal. As a Letters Journal, it consists of concise communications (letters) that provide a means of rapid and efficient dissemination of new results, models and methods in all fields of economic research.