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Discussion Papers In Economics And Business. 2013, 11-32-Rev.2

Marital Status and Derived Pension Rights : A Political Economy Model of Public Pensions with Borrowing Constraints

Ono, Tetsuo

Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University

英語

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2013-01

http://www2.econ.osaka-u.ac.jp/library/global/dp/1132R2.pdf

* Revised： [11-32-Rev., 2012]

This paper develops an overlapping-generation model featuring four types of households: single female, single male, one-breadwinner couple and two-breadwinner couple. The paper considers majority voting over public pension in the presence of derived pension rights for one-breadwinner couples. In an economy with a low in- tertemporal elasticity of substitution, borrowing-constrained one-breadwinner cou- ples may prefer a lower tax rate than do other types of households, although the for- mer attain a higher bene t-to-cost ratio of public pension than do others. Changes in the gender wage gap, the level of derived pension rights, and the fraction of two- breadwinner couples produce an inverse U-shaped relationship between the relevant variable and the tax rate.

23356

Marital Status and Derived Pension Rights : A Political Economy Model of Public Pensions with Borrowing Constraints

Ono, Tetsuo

Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University

英語

2013-01

Discussion Papers In Economics And Business

11-32-Rev.2

https://hdl.handle.net/11094/23356

http://www2.econ.osaka-u.ac.jp/library/global/dp/1132R2.pdf