Is There a Social Security Tax Wedge?

A Beveridgean pension scheme invariably introduces a wedge between the wage rate and the marginal take-home pay. A Bismarckian one can do so only if it is not actuarially fair, or in the presence of credit rationing. Interestingly, if the two possible sources of distortion are present at the same time, they will tend to offset each other. The distortion may even change sign (the wedge may become a premium). In any case, the same pension contribution will discourage labour less if the scheme is Bismarckian, than if it is Beveridgean.

[1]  W. MacLeod,et al.  Construction Contracts (or: How to Get the Right Building at the Right Price?) , 2006 .

[2]  Alessandro Balestrino,et al.  Tax Avoidance, Endogenous Social Norms, and the Comparison Income Effect , 2006, SSRN Electronic Journal.

[3]  Markku Lanne,et al.  Identifying Monetary Policy Shocks Via Changes in Volatility , 2006, SSRN Electronic Journal.

[4]  Robert S. Chirinko,et al.  The Elasticity of Derived Demand, Factor Substitution and Product Demand: Corrections to Hicks' Formula and Marshall's Four Rules , 2006, SSRN Electronic Journal.

[5]  Marko Koethenbuerger,et al.  Ex-Post Redistribution in a Federation: Implications for Corrective Policy , 2006, SSRN Electronic Journal.

[6]  Philippe Choné,et al.  Assessing Horizontal Mergers Under Uncertain Efficiency Gains , 2006, SSRN Electronic Journal.

[7]  A. Lusardi,et al.  Credit Market Constraints and Labor Market Decisions , 2002, SSRN Electronic Journal.

[8]  C. Fuest,et al.  Corporate Tax Reform and Foreign Direct Investment in Germany - Evidence from Firm-Level Data , 2006 .

[9]  D. Laussel,et al.  Fixed Transport Costs and International Trade , 2006, SSRN Electronic Journal.

[10]  Ronald MacDonald,et al.  Catching-Up, Inflation Differentials and Credit Booms in a Heterogeneous Monetary Union: Some Implications for Emu and New EU Member States , 2006, SSRN Electronic Journal.

[11]  Chris van Klaveren,et al.  Empirical Estimation Results of a Collective Household Time Allocation Model , 2006, SSRN Electronic Journal.

[12]  A. Markiewicz,et al.  Learning to Forecast the Exchange Rate: Two Competing Approaches , 2006, SSRN Electronic Journal.

[13]  C. Hefeker.  Emu Enlargement, Policy Uncertainty and Economic Reforms , 2006, SSRN Electronic Journal.

[14]  M. Gérard,et al.  Interjurisdictional Competition for Higher Education and Firms , 2006, SSRN Electronic Journal.

[15]  Marcel Fratzscher,et al.  Global Financial Transmission of Monetary Policy Shocks , 2006, SSRN Electronic Journal.

[16]  Christian Kleiber,et al.  Bequests, Taxation and the Distribution of Wealth in a General Equilibrium Model , 2006, SSRN Electronic Journal.

[17]  Oystein Thogersen,et al.  Intergenerational Risk Sharing by Means of Pay-as-You-Go Programs - an Investigation of Alternative Mechanisms , 2006, SSRN Electronic Journal.

[18]  E. Sheshinski.  A Model of Social Security and Retirement Decisions , 1977 .

[19]  Michael Neugart,et al.  Labor Courts, Nomination Bias, and Unemployment in Germany , 2006, SSRN Electronic Journal.

[20]  Chris van Klaveren,et al.  A Collective Household Model of Time Allocation - a Comparison of Native Dutch and Immigrant Households in the Netherlands , 2006, SSRN Electronic Journal.

[21]  Kevin M. Murphy,et al.  Perspectives on the Social Security Crisis and Proposed Solutions , 1998 .

[22]  Eric Hillebrand,et al.  Japanese Foreign Exchange Intervention and the Yen/Dollar Exchange Rate: A Simultaneous Equations Approach Using Realized Volatility , 2006, SSRN Electronic Journal.

[23]  G. Tabellini,et al.  Unemployment, Growth and Taxation in Industrial Countries , 1998 .

[24]  Pascalis Raimondos,et al.  Steepest Ascent Tariff Reforms , 2006, SSRN Electronic Journal.

[25]  Paolo M. Panteghini,et al.  The capital structure of multinational companies under tax competition , 2006, SSRN Electronic Journal.

[26]  Daniel Houser,et al.  Selling favors in the lab: experiments on campaign finance reform , 2006, SSRN Electronic Journal.

[27]  Olaf Posch,et al.  Natural Volatility, Welfare and Taxation , 2006, SSRN Electronic Journal.

[28]  Timo Trimborn,et al.  MULTIDIMENSIONAL TRANSITIONAL DYNAMICS: A SIMPLE NUMERICAL PROCEDURE , 2006, Macroeconomic Dynamics.

[29]  R. Disney.  Are Contributions to Public Pension Programmes a Tax on Employment? , 2004 .

[30]  Mathias Hoffmann.  Proprietary Income, Entrepreneurial Risk, and the Predictability of U.S. Stock Returns , 2006, SSRN Electronic Journal.

[31]  Axel Dreher,et al.  The impact of globalization on the composition of government expenditures: Evidence from panel data , 2006 .

[32]  M. Werding,et al.  Ageing and the Tax Implied in Public Pension Schemes: Simulations for Selected OECD Countries , 2003, SSRN Electronic Journal.

[33]  A. Alesina,et al.  The Welfare State and Competitiveness , 1994 .

[34]  Monika Schnitzer,et al.  Business groups in emerging markets : financial control and sequential investment , 2006 .

[35]  Rafael Lalive,et al.  How Do Extended Benefits Affect Unemployment Duration? A Regression Discontinuity Approach , 2006, SSRN Electronic Journal.

[36]  Helge Berger,et al.  The Employment Effects of Labor and Product Market Deregulation and Their Implications for Structural Reform , 2006 .

[37]  Axel Börsch-Supan,et al.  How Much is Transfer and How Much is Insurance in a Pay‐as‐you‐go System? The German Case , 2000 .

[38]  G. Schnabl,et al.  China's Exchange Rate and International Adjustment in Wages, Prices, and Interest Rates: Japan Deja Vu? , 2006, SSRN Electronic Journal.

[39]  Robert Dur.  Status-Seeking in Criminal Subcultures and the Double Dividend of Zero-Tolerance , 1762 .

[40]  Ronald MacDonald,et al.  Monetary Transmission Mechanism in Transition Economies: Surveying the Surveyable , 2006, SSRN Electronic Journal.

[41]  P. Picard,et al.  Government Outsourcing: Public Contracting with Private Monopoly , 2006, SSRN Electronic Journal.

[42]  Haris Munandar,et al.  Evidence and Implications of Zipf's Law for Integrated Economies , 2006, SSRN Electronic Journal.

[43]  A. Dreher,et al.  Do the IMF and the World Bank influence voting in the UN General Assembly? , 2006, Public Choice.

[44]  Peter R. Orszag,et al.  "Rethinking Pension Reform: Ten Myths About Social Security Systems" , 1999 .

[45]  Harry Garretsen,et al.  Geography Rules Too! Economic Development and the Geography of Institutions , 2006, SSRN Electronic Journal.

[46]  W. MacLeod,et al.  Reputations, Relationships and the Enforcement of Incomplete Contracts , 2006, SSRN Electronic Journal.

[47]  Pierre Pestieau,et al.  Social Security, Retirement Age and Optimal Income Taxation , 2002, SSRN Electronic Journal.

[48]  Luca Casolaro,et al.  The Impact of Social Security on Saving and Fertility in Germany , 2003 .

[49]  G. Tullio.  Long run implications of the increase in taxation and public debt for employment and economic growth in Europe. Economic Papers No. 49, August 1986 , 1987 .

[50]  Carlo Altavilla,et al.  Forecasting and combining competing models of exchange rate determination , 2006, SSRN Electronic Journal.

[51]  H. Gersbach,et al.  Growth and Enduring Epidemic Diseases , 2006, SSRN Electronic Journal.

[52]  Erkki Koskela,et al.  Cycles and Indeterminacy in Overlapping Generations Economies with Stone-Geary Preferences , 2006, SSRN Electronic Journal.

[53]  F. Rosati,et al.  Jointly determined saving and fertility behaviour: theory, and estimates for Germany, Italy, UK and USA. , 1996, European economic review.

[54]  Kerstin Bernoth,et al.  Fool the Markets? Creative Accounting, Fiscal Transparency and Sovereign Risk Premia , 2006, SSRN Electronic Journal.

[55]  M. Hashem Pesaran,et al.  Testing Dependence Among Serially Correlated Multicategory Variables , 2006, SSRN Electronic Journal.

[56]  Richard Schmidtke.  Private Provision of a Complementary Public Good , 2006, SSRN Electronic Journal.

[57]  Bertil Holmlund,et al.  Tax evasion and self-employment in a high-tax country: evidence from Sweden , 2006, SSRN Electronic Journal.

[58]  Yiagadeesen Samy,et al.  Labor Standards and Economic Integration in the European Union: An Empirical Analysis , 2006, SSRN Electronic Journal.

[59]  Tullio Jappelli,et al.  Who is Credit Constrained in the U. S. Economy , 1990 .

[60]  Volker Meier,et al.  Subsidies for Wages and Infrastructure: How to Restrain Undesired Immigration , 2006 .

[61]  Robert Fenge,et al.  Mixing Bismarck and child pension systems: an optimum taxation approach , 2006, SSRN Electronic Journal.

[62]  Juergen von Hagen,et al.  Financial Liberalization in a Small Open Economy , 2006, SSRN Electronic Journal.

[63]  Marc Schramm,et al.  A Century of Shocks: The Evolution of the German City Size Distribution 1925-1999 , 2006, SSRN Electronic Journal.