skip to content
Why a funded pension system is useful and why it is not useful Preview this item
ClosePreview this item
Checking...

Why a funded pension system is useful and why it is not useful

Author: Hans-Werner Sinn; National Bureau of Economic Research.
Publisher: Cambridge, MA. : National Bureau of Economic Research, ©2000.
Series: Working paper series (National Bureau of Economic Research), wsorking paper no. 7592.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Abstract: Based on explicit present value calculations, the paper criticizes the view that the PAYGO system wastes economic resources. In present value terms, there is nothing to be gained from a transition to funded system even though the latter offers a permanently higher rate of return. The sum of the implicit and explicit tax burdens that result from the need to respect the existing pension claims is the same  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

 

Find a copy online

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Hans-Werner Sinn; National Bureau of Economic Research.
OCLC Number: 70123371
Notes: "March 2000."
Description: 1 online resource ([33] pages) : illustrations.
Series Title: Working paper series (National Bureau of Economic Research), wsorking paper no. 7592.
Responsibility: Hans-Werner Sinn.

Abstract:

Abstract: Based on explicit present value calculations, the paper criticizes the view that the PAYGO system wastes economic resources. In present value terms, there is nothing to be gained from a transition to funded system even though the latter offers a permanently higher rate of return. The sum of the implicit and explicit tax burdens that result from the need to respect the existing pension claims is the same under all systems and transition strategies. Nevertheless a partial transition to a funded system may be a way to overcome the current demographic crisis because it replaces missing human capital with real capital and helps smooth tax and child reading costs across the generations.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.

Similar Items

Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/70123371> # Why a funded pension system is useful and why it is not useful
    a schema:Book, schema:MediaObject, schema:CreativeWork ;
   library:oclcnum "70123371" ;
   library:placeOfPublication <http://id.loc.gov/vocabulary/countries/mau> ;
   library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/33648447#Place/cambridge_ma> ; # Cambridge, MA.
   schema:about <http://experiment.worldcat.org/entity/work/data/33648447#Topic/pension_trusts_germany> ; # Pension trusts--Germany
   schema:about <http://id.worldcat.org/fast/1210272> ; # Germany.
   schema:about <http://id.worldcat.org/fast/1057041> ; # Pension trusts
   schema:bookFormat schema:EBook ;
   schema:contributor <http://viaf.org/viaf/135446122> ; # National Bureau of Economic Research.
   schema:copyrightYear "2000" ;
   schema:creator <http://viaf.org/viaf/2543709> ; # Hans-Werner Sinn
   schema:datePublished "2000" ;
   schema:description "Abstract: Based on explicit present value calculations, the paper criticizes the view that the PAYGO system wastes economic resources. In present value terms, there is nothing to be gained from a transition to funded system even though the latter offers a permanently higher rate of return. The sum of the implicit and explicit tax burdens that result from the need to respect the existing pension claims is the same under all systems and transition strategies. Nevertheless a partial transition to a funded system may be a way to overcome the current demographic crisis because it replaces missing human capital with real capital and helps smooth tax and child reading costs across the generations."@en ;
   schema:exampleOfWork <http://worldcat.org/entity/work/id/33648447> ;
   schema:inLanguage "en" ;
   schema:isPartOf <http://experiment.worldcat.org/entity/work/data/33648447#Series/nber_working_paper_series> ; # NBER working paper series ;
   schema:isPartOf <http://experiment.worldcat.org/entity/work/data/33648447#Series/working_paper_series_national_bureau_of_economic_research> ; # Working paper series (National Bureau of Economic Research) ;
   schema:name "Why a funded pension system is useful and why it is not useful"@en ;
   schema:productID "70123371" ;
   schema:publication <http://www.worldcat.org/title/-/oclc/70123371#PublicationEvent/cambridge_ma_national_bureau_of_economic_research_2000> ;
   schema:publisher <http://experiment.worldcat.org/entity/work/data/33648447#Agent/national_bureau_of_economic_research> ; # National Bureau of Economic Research
   schema:url <http://papers.nber.org/papers/w7592> ;
   wdrs:describedby <http://www.worldcat.org/title/-/oclc/70123371> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/33648447#Agent/national_bureau_of_economic_research> # National Bureau of Economic Research
    a bgn:Agent ;
   schema:name "National Bureau of Economic Research" ;
    .

<http://experiment.worldcat.org/entity/work/data/33648447#Series/nber_working_paper_series> # NBER working paper series ;
    a bgn:PublicationSeries ;
   schema:hasPart <http://www.worldcat.org/oclc/70123371> ; # Why a funded pension system is useful and why it is not useful
   schema:name "NBER working paper series ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/33648447#Series/working_paper_series_national_bureau_of_economic_research> # Working paper series (National Bureau of Economic Research) ;
    a bgn:PublicationSeries ;
   schema:hasPart <http://www.worldcat.org/oclc/70123371> ; # Why a funded pension system is useful and why it is not useful
   schema:name "Working paper series (National Bureau of Economic Research) ;" ;
    .

<http://id.worldcat.org/fast/1057041> # Pension trusts
    a schema:Intangible ;
   schema:name "Pension trusts"@en ;
    .

<http://id.worldcat.org/fast/1210272> # Germany.
    a schema:Place ;
   schema:name "Germany." ;
    .

<http://viaf.org/viaf/135446122> # National Bureau of Economic Research.
    a schema:Organization ;
   schema:name "National Bureau of Economic Research." ;
    .

<http://viaf.org/viaf/2543709> # Hans-Werner Sinn
    a schema:Person ;
   schema:familyName "Sinn" ;
   schema:givenName "Hans-Werner" ;
   schema:name "Hans-Werner Sinn" ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.