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dc.contributor.authorOrszag, Jonathan Michaelen_US
dc.contributor.authorSnower, Dennis J.en_US
dc.date.accessioned2009-01-28T14:19:05Z-
dc.date.available2009-01-28T14:19:05Z-
dc.date.issued2002en_US
dc.identifier.urihttp://hdl.handle.net/10419/2859-
dc.description.abstractThis paper deals with two policy approaches to address the problem of the ?pensions time bomb? by influencing private-sector pension provision. In assessing the role of private-sector pensions, it is common to concentrate exclusively on the issue of whether early retirement penalties or late retirement benefits are actuarially fair. We argue that this focus is unbalanced since private-sector pension arrangements have significant implications for governments' finances. When private pensions encourage early retirement, they reduce the number of people paying taxes and increase the number of people supplementing their private pensions through various forms of public support. To induce private-sector pension providers to internalize this externality, we examine two policy responses: taxing private pension receipts of early retirees, and issuing ?early retirement rights.? The government?s receipts from the pension taxes or the sale of early retirement rights are used, in part, to provide employment vouchers for people of pensionable age.en_US
dc.language.isoengen_US
dc.publisherInstitut zur Zukunft der Arbeit Bonn-
dc.relation.ispartofseriesIZA Discussion paper series 536en_US
dc.subject.jelH6en_US
dc.subject.jelH1en_US
dc.subject.jelH2en_US
dc.subject.ddc330-
dc.subject.keywordpensionsen_US
dc.subject.keywordemployment-
dc.subject.keywordtaxes-
dc.subject.keywordearly retirement-
dc.subject.stwBetriebliche Altersversorgungen_US
dc.subject.stwPrivate Rentenversicherungen_US
dc.subject.stwFlexible Altersgrenzeen_US
dc.subject.stwEinkommensteueren_US
dc.subject.stwVoucheren_US
dc.subject.stwTheorieen_US
dc.titlePension taxes versus early retirement rightsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn356361454en_US
dc.identifier.ppn356361454en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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