Abstract
This chapter adds a voluntary pension system to the proportional pension system studied in Chapter 5. Emphasizing the generally neglected tax expenditure on matching voluntary savings, we obtain a much more nuanced picture about the socially optimal value of the matching rate and the cap on the voluntary matched saving.
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Simonovits, A. (2018). Voluntary Pension System. In: Simple Models of Income Redistribution. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-72502-4_8
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DOI: https://doi.org/10.1007/978-3-319-72502-4_8
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