Banca de DEFESA: Marcos Vinícius Gonçalves Nihari

Uma banca de DEFESA de DOUTORADO foi cadastrada pelo programa.
STUDENT : Marcos Vinícius Gonçalves Nihari
DATE: 20/12/2022
TIME: 14:00
LOCAL: Vídeo Conferência
TITLE:

Social Security Reform: Transition from Pay-As-You-Go to Fully Funded System

KEY WORDS:

Fully Funded System. Pay-as-you-go System. Private Pension. Public Pension. Social Security Contributions. Social Security Reform.

PAGES: 67
BIG AREA: Ciências Sociais Aplicadas
AREA: Economia
SUMMARY:

Due to the deficit in social security system in many economies, structural reforms in the current pay-as-you-go system are commonly discussed and the establishment of a fully funded system is a central topic. In this case, it is necessary to analyse if both systems are seen as substitutes ou complements for each other. In the case the systems are seem as substitutes, then there is an oppotunity for future pension reforms to implement a systems’ transition. Even more, in the case a fully funded system is stablished, a return rate needs to be set to capitalize the contributions, and the eventual surplus of the capitalized social security needs to be directed. Therefore, assuming that the national government is the only one who can set the return rate of the fully funded system, that the eventual surplus generated in this system should be distributed to the pay-as-you-go system, that the government’s goal is to maximize the social welfare and the newly workers will be able to choose to which system to contribute, we propose a model to calculate the optimal return rate that need to be settled by government and we estimated the proportion of the population that will choose to contribute to each social security system.

BANKING MEMBERS:
Externo à Instituição - RAPHAEL JULIO BARCELOS - UFRJ
Externo à Instituição - GEORGE HENRIQUE DE MOURA CUNHA - UNIALFA
Interno - 162391 - MAURICIO SOARES BUGARIN
Interno - 2003700 - MICHAEL CHRISTIAN LEHMANN
Presidente - 4079124 - VANDER MENDES LUCAS