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When are voluntary pensions indifferent?

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  • Simonovits, András

Abstract

The mandatory pension pillar is usually supplemented by a voluntary one. In our simple model, voluntary pensions partly replace mandatory ones without affecting the outcomes: the voluntary pensions are indifferent. This result may serve as benchmark.

Suggested Citation

  • Simonovits, András, 2011. "When are voluntary pensions indifferent?," Economics Letters, Elsevier, vol. 111(2), pages 155-157, May.
    • Handle: RePEc:eee:ecolet:v:111:y:2011:i:2:p:155-157
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    References listed on IDEAS

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    1. James M. Poterba & Steven F. Venti & David A. Wise, 1996. "How Retirement Saving Programs Increase Saving," Journal of Economic Perspectives, American Economic Association, vol. 10(4), pages 91-112, Fall.
    2. Feldstein, Martin S, 1987. "Should Social Security Benefits Be Means Tested?," Journal of Political Economy, University of Chicago Press, vol. 95(3), pages 468-484, June.
    3. Emmanuel Saez, 2009. "Details Matter: The Impact of Presentation and Information on the Take-Up of Financial Incentives for Retirement Saving," American Economic Journal: Economic Policy, American Economic Association, vol. 1(1), pages 204-228, February.
    4. Andras Simonovits, 2009. "A Simple Model of Tax-Favored Retirement Accounts," CERS-IE WORKING PAPERS 0915, Institute of Economics, Centre for Economic and Regional Studies.
    5. Eric M. Engen & William G. Gale & John Karl Scholz, 1996. "The Illusory Effects of Saving Incentives on Saving," Journal of Economic Perspectives, American Economic Association, vol. 10(4), pages 113-138, Fall.
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    Cited by:

    1. Andras Simonovits, 2012. "Optimal Cap on Pension Contributions," CERS-IE WORKING PAPERS 1208, Institute of Economics, Centre for Economic and Regional Studies.
    2. Andras Simonovits, 2013. "A family of simple paternalistic transfer models," CERS-IE WORKING PAPERS 1324, Institute of Economics, Centre for Economic and Regional Studies.

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