The author uses a simulation model to quantify the impact on income distribution of having a neutral social security program that is fully funded replace a progressive social security program that redistributes income toward the poor but is financed by a pay-as-you-go method. He finds that if the original pay-as-you-go system is large enough to yield an income replacement rate of at least 40 percent for the middle class and 200 percent for the poor...
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DETAILS
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1994/10/31
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Policy Research Working Paper
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WPS1366
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1
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1
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2010/07/01
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Distributive concerns when replacing a pay-as-you-go system with a fully funded system
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pension system
Citation
Valdes Prieto,Salvador.
Distributive concerns when replacing a pay-as-you-go system with a fully funded system (English). Policy Research working paper ; no. WPS 1366 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/106771468740399142