Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/33805
Authors: 
Määttänen, Niku
Poutvaara, Panu
Year of Publication: 
2007
Series/Report no.: 
IZA Discussion Papers 2616
Abstract: 
We study the welfare effects of earnings testing flat-rate old-age benefits in a quantitative overlapping generations model with idiosyncratic labor income risk. In our model economy, even a moderate earnings testing reduces individuals' expected lifetime utility, whenever other taxes are taken into account. Moreover, it also lowers the realized lifetime utilities of those at the bottom of the lifetime utility distribution.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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