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Fenge, Robert
Uebelmesser, Silke
Werding, Martin
Year of Publication: 
Series/Report no.: 
CESifo Working Paper 743
This paper investigates the inter-temporal structure of implicit taxes that arise in unfunded pension schemes. We demonstrate that these tax rates are declining over the life cycle. Using German micro-data for men and married women we estimate periodic wage elasticities of labour supply in order to check the second-best properties of this timing of tax rates. An efficient taxation would require to decrease the excessive implicit taxes for married women and to implement an inversely J-shaped tax profile for male workers. This result contradicts the standard proposal to smooth the profile of implicit tax rates across the individual life cycle
public pensions
labour supply
optimal taxation
Document Type: 
Working Paper

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