Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/63647
Authors: 
Määttänen, Niku
Poutvaara, Panu
Year of Publication: 
2006
Series/Report no.: 
ETLA Discussion Papers, The Research Institute of the Finnish Economy (ETLA) 1062
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. Moreover, it also lowers the realized lifetime utilities of those at the bottom of the lifetime utility distribution.
Subjects: 
Social security
Retirement
Means-testing
Computational mod
JEL: 
H55
J26
C68
Document Type: 
Working Paper

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