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dc.contributor.authorOrszag, Jonathan Michaelen_US
dc.contributor.authorSnower, Dennis J.en_US
dc.date.accessioned2009-01-28T14:30:27Z-
dc.date.available2009-01-28T14:30:27Z-
dc.date.issued2002en_US
dc.identifier.urihttp://hdl.handle.net/10419/2863-
dc.description.abstractThe paper examines the following pension reform strategy that aims to defuse the pension time-bomb without giving rise to intergenerational conflict. Let people with rights to public pensions have the option of using a portion of their potential pensions to provide employment vouchers for employers that hire them. The policy is entirely voluntary; only those older workers and those employers who wish to avail themselves of this option will do so. The older workers retain the right to draw their public pensions and the employers have the right not to employ them. In effect, the policy involves taking some of the funds that would have financed public pensions and using them to provide employment subsidies. When a person takes advantage of the PTP over a given period of time, he loses his pension rights over that span and gains improved employment opportunities instead.en_US
dc.language.isoengen_US
dc.publisherInstitut zur Zukunft der Arbeit Bonn-
dc.relation.ispartofseriesIZA Discussion paper series 538en_US
dc.subject.jelH1en_US
dc.subject.jelH2en_US
dc.subject.jelH6en_US
dc.subject.ddc330-
dc.subject.keywordpensionsen_US
dc.subject.keywordemployment subsidies-
dc.subject.keywordearly retirement-
dc.subject.keywordinter-generational redistribution-
dc.subject.stwRentenreformen_US
dc.subject.stwGesetzliche Rentenversicherungen_US
dc.subject.stwVoucheren_US
dc.subject.stwLohnsubventionen_US
dc.subject.stwArbeitslosigkeiten_US
dc.subject.stwFlexible Altersgrenzeen_US
dc.subject.stwTheorieen_US
dc.titleThe pension transfer programen_US
dc.typeWorking Paperen_US
dc.identifier.ppn356372286en_US
dc.identifier.ppn356372286en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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