A Note on Means Testing and Temptation

Cagri S. Kumru; John Piggott; Athanasios C. Thanopoulos

doi:10.1111/1759-3441.12262

A Note on Means Testing and Temptation

Cagri S. Kumru^*, John Piggott, Athanasios C. Thanopoulos

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

Abstract

This study analyses the relative performance in terms of welfare of the current US PAYG system compared to an array of cost equivalent alternative specifications of means-tested pension programmes. We conduct our analysis under two different settings. While in the first setting, individuals have standard preferences; in the second setting, individuals have self-control preferences. We show that the implications of the reform substantially differ across the two settings.

Original language	English
Pages (from-to)	247-260
Number of pages	14
Journal	Economic Papers
Volume	38
Issue number	3
DOIs	https://doi.org/10.1111/1759-3441.12262
Publication status	Published - 1 Sept 2019

Access to Document

10.1111/1759-3441.12262

Cite this

@article{4a688ced4af74f6f98c9acbd3cf22f3f,

title = "A Note on Means Testing and Temptation",

abstract = "This study analyses the relative performance in terms of welfare of the current US PAYG system compared to an array of cost equivalent alternative specifications of means-tested pension programmes. We conduct our analysis under two different settings. While in the first setting, individuals have standard preferences; in the second setting, individuals have self-control preferences. We show that the implications of the reform substantially differ across the two settings.",

keywords = "dynamic general equilibrium, means testing, social security, welfare",

author = "Kumru, {Cagri S.} and John Piggott and Thanopoulos, {Athanasios C.}",

note = "Publisher Copyright: {\textcopyright} 2019 The Economic Society of Australia",

year = "2019",

month = sep,

day = "1",

doi = "10.1111/1759-3441.12262",

language = "English",

volume = "38",

pages = "247--260",

journal = "Economic Papers",

issn = "0812-0439",

publisher = "Wiley-Blackwell",

number = "3",

}

TY - JOUR

T1 - A Note on Means Testing and Temptation

AU - Kumru, Cagri S.

AU - Piggott, John

AU - Thanopoulos, Athanasios C.

PY - 2019/9/1

Y1 - 2019/9/1

N2 - This study analyses the relative performance in terms of welfare of the current US PAYG system compared to an array of cost equivalent alternative specifications of means-tested pension programmes. We conduct our analysis under two different settings. While in the first setting, individuals have standard preferences; in the second setting, individuals have self-control preferences. We show that the implications of the reform substantially differ across the two settings.

AB - This study analyses the relative performance in terms of welfare of the current US PAYG system compared to an array of cost equivalent alternative specifications of means-tested pension programmes. We conduct our analysis under two different settings. While in the first setting, individuals have standard preferences; in the second setting, individuals have self-control preferences. We show that the implications of the reform substantially differ across the two settings.

KW - dynamic general equilibrium

KW - means testing

KW - social security

KW - welfare

UR - http://www.scopus.com/inward/record.url?scp=85071788288&partnerID=8YFLogxK

U2 - 10.1111/1759-3441.12262

DO - 10.1111/1759-3441.12262

M3 - Article

SN - 0812-0439

VL - 38

SP - 247

EP - 260

JO - Economic Papers

JF - Economic Papers

IS - 3

ER -

A Note on Means Testing and Temptation

Abstract

Access to Document

Other files and links

Fingerprint

Cite this