Overview
- Contains over two dozen transfer models to support intro- and intergenerational transfers
- Provides an up to date insight into understanding sophisticated pension models
- Addresses child benefits and fertility as they relate to pensions
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About this book
The rising role of intra- and intergenerational transfers (e.g. basic income, child benefit and public pensions) characterises modern economies, yet most models depicting these transfers are too sophisticated for a wider but mathematically trained audience. This book presents simple models to fill the gap. The author considers a benevolent government maximizing social welfare by anticipating citizens’ shortsighted reaction to the transfer rules. The resulting income redistribution is analyzed for low tax morale, strong labor disutility and heterogeneous life expectancy. Key issues that the book addresses include the socially optimal pension contribution rate, retirement age, and redistribution programs. The author concludes by removing some strong restrictions and introducing median voter, incomplete information and dynamic complications.
The book will be of value for graduate students and researchers interested in public economics, especially in public and private pensions.Similar content being viewed by others
Keywords
Table of contents (16 chapters)
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Front Matter
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Back Matter
Reviews
“The target readership is students and researchers interested in redistribution and transfers. … the emphasis is on economic intuition and on understanding the logic of transfer systems. This feature makes the book an especially useful companion resource for the intermediate and advanced undergraduate or Master's level study of labour economics. At a doctorate or post-doctorate level the book provides a helpful background reading on construction of simple baseline models.” (Nigar Hashimzade, Mathematical Reviews, August, 2020)
Authors and Affiliations
About the author
Andras Simonovits is Professor Emeritus at the Institute of Economics, Hungarian Academy of Sciences. During his career he has taught at various universities including Boston University, University of Illinois, Tilburg University and Louvain-la-Neuve. In 2007, he received the Officer Cross of the Republic of Hungary. His research interests include Priority Queuing, Linear Models, Decentralized Control, Macromodels of the Socialist Economies, Overlapping Generations, and Pension Systems. Recently his main research interest is Modelling Pension Systems, especially designing good pension rules for flexible retirement. In addition to publishing several dozen papers and book chapters, he has published three books previously with Palgrave Macmillan.
Bibliographic Information
Book Title: Simple Models of Income Redistribution
Authors: András Simonovits
DOI: https://doi.org/10.1007/978-3-319-72502-4
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2018
Hardcover ISBN: 978-3-319-72501-7Published: 04 June 2018
Softcover ISBN: 978-3-030-10214-2Published: 25 December 2018
eBook ISBN: 978-3-319-72502-4Published: 23 May 2018
Edition Number: 1
Number of Pages: XVIII, 292
Topics: Public Economics, Economic Theory/Quantitative Economics/Mathematical Methods