Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/2859 
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dc.contributor.authorOrszag, Jonathan Michaelen
dc.contributor.authorSnower, Dennis J.en
dc.date.accessioned2009-01-28T14:19:05Z-
dc.date.available2009-01-28T14:19:05Z-
dc.date.issued2002-
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x536en
dc.subject.jelH6en
dc.subject.jelH1en
dc.subject.jelH2en
dc.subject.ddc330en
dc.subject.keywordemploymenten
dc.subject.keywordtaxesen
dc.subject.keywordearly retirementen
dc.subject.keywordpensionsen
dc.subject.stwBetriebliche Altersversorgungen
dc.subject.stwPrivate Rentenversicherungen
dc.subject.stwFlexible Altersgrenzeen
dc.subject.stwEinkommensteueren
dc.subject.stwVoucheren
dc.subject.stwTheorieen
dc.titlePension taxes versus early retirement rights-
dc.typeWorking Paperen
dc.identifier.ppn845690922en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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