Improving the Equity-Efficiency Trade-Off: Mandatory Savings Accounts for Social Insurance
نویسندگان
چکیده
منابع مشابه
Improving the Equity-Efficiency Trade-Off: Mandatory Savings Accounts for Social Insurance
In the modern welfare state a substantial part of an individual’s tax bill is transferred back to the same individual taxpayer in the form of social transfers. This provides a rationale for financing part of social insurance through mandatory savings accounts. We analyze the behavioral and welfare effects of compulsory savings accounts in an intertemporal model with uncertainty, endogenous invo...
متن کاملAn Evaluation of Social Insurance Savings Accounts
Many countries have reformed, or plan to reform, their pension system, often replacing defined benefits with some sort of savings account. In recent years proposals have been made to apply personal savings accounts also to other elements of social insurance, such as unemployment insurance, social assistance or parental leave compensation. This paper evaluates the consequences of replacing these...
متن کاملThe Equity/Efficiency Trade-off in Retrospect
Writing in 1975, Arthur Okun is generally credited with popularizing the idea of a “great tradeoff" between equity and efficiency. Indeed, a generation of economists has been brought up thinking that in the allocation of scarce resources to competing ends, the tradeoff between “equity” and “efficiency” is just another one of the many tough choices that economically rational individuals have to ...
متن کاملWeather Insurance Savings Accounts
Better insurance against rainfall risk could improve the security of hundreds of millions of agricultural households around the world. This paper theoretically and experimentally analyzes an innovative financial product called a Weather Insurance Savings Account (WISA), which combines savings and rainfall insurance. We index the insurance share of the WISA by γ ∈ [0, 1] and use a standard model...
متن کاملChoice-Consistent Resolutions of the Efficiency-Equity Trade-Off
In a standard framework of choice theory, we formulate two contrasting principles for social choice under the efficiency-equity trade-off. The equity-first principle states that we should select from equitable allocations if any, but if the equity criterion is not at all effective for selection either because all the available allocations are equitable or because no allocation is equitable, we ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: International Tax and Public Finance
سال: 2004
ISSN: 0927-5940
DOI: 10.1023/b:itax.0000033990.59245.9b