search query: @indexterm pension schemes / total: 167
reference: 9 / 167
| Author: | Sommacal, A. |
| Title: | Pension systems and intragenerational redistribution when labor supply is endogenous |
| Journal: | Oxford Economic Papers
2006 : JUL, VOL. 58:3, p. 379-406 |
| Index terms: | labour supply pensions pension schemes |
| Language: | eng |
| Abstract: | In models with exogenous labor supply, a reallocation of funds from a wage-related pensions to a basic pension affects inequality through changes in the pension paid, redistributing resources from the rich to the poor. It is shown here that in a model with endogenous labor supply, another effect is present: indeed changes of the benefit formula have an impact on the labor/leisure choice. This effect goes in the opposite direction of the standard effect that is also present in models with exogenous labor supply and it could be quite relevant, also depending on the different assumptions on the working of the labor market. |
SCIMA