Individual savings accounts for social insurance: rationale and alternative designs
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Individual savings accounts for social insurance : rationale and alternative designs. / Bovenberg, Lans; Hansen, Martin Ino; Sørensen, Peter Birch.
I: International Tax and Public Finance, Bind 15, Nr. 1, 2008, s. 67-86.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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TY - JOUR
T1 - Individual savings accounts for social insurance
T2 - rationale and alternative designs
AU - Bovenberg, Lans
AU - Hansen, Martin Ino
AU - Sørensen, Peter Birch
N1 - JEL classification: H53, H55
PY - 2008
Y1 - 2008
N2 - Using Danish data, we find that about three-fourths of the taxes levied to finance public transfers actually finance benefits that redistribute income over the life cycle of individual taxpayers rather than redistribute resources across people. This finding and similar results for other countries provide a rationale for financing part of social insurance via mandatory individual savings accounts. We discuss the advantages and disadvantages of mandatory individual savings accounts for social insurance and survey some recent alternative proposals for such accounts
AB - Using Danish data, we find that about three-fourths of the taxes levied to finance public transfers actually finance benefits that redistribute income over the life cycle of individual taxpayers rather than redistribute resources across people. This finding and similar results for other countries provide a rationale for financing part of social insurance via mandatory individual savings accounts. We discuss the advantages and disadvantages of mandatory individual savings accounts for social insurance and survey some recent alternative proposals for such accounts
U2 - 10.1007/s10797-007-9046-8
DO - 10.1007/s10797-007-9046-8
M3 - Journal article
VL - 15
SP - 67
EP - 86
JO - International Tax and Public Finance
JF - International Tax and Public Finance
SN - 0927-5940
IS - 1
ER -
ID: 3863112