Social Insurance Based on Personal Savings Accounts : A possible reform strategy for overburdened welfare states ?

@inproceedings{Flster2003SocialIB,
  title={Social Insurance Based on Personal Savings Accounts : A possible reform strategy for overburdened welfare states ?},
  author={Stefan F{\"o}lster},
  year={2003}
}
In spite of some cutbacks in entitlements, many welfare states' spending has continuously increased over the past decades, leading to larger tax burdens and often higher marginal tax rates. Proposals for reform often focus on reduced social insurance benefits and more actuarial insurance premia. In this paper it is shown that such reforms may have a smaller potential for reducing the marginal tax rate than commonly assumed, unless they are combined with mandatory personal savings accounts… CONTINUE READING
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