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来源类型Working Paper
规范类型报告
DOI10.3386/w14682
来源IDWorking Paper 14682
Welfare and Generational Equity in Sustainable Unfunded Pension Systems
Alan J. Auerbach; Ronald Lee
发表日期2009-01-29
出版年2009
语种英语
摘要We evaluate several actual and hypothetical sustainable PAYGO pension structures, including: (1) versions of the US Social Security system with annual adjustments of taxes or benefits to maintain fiscal balance; (2) Sweden's Notional Defined Contribution system and several variants developed to improve fiscal stability; and (3) the German system, which also includes annual adjustments to maintain fiscal balance. For each system, we present descriptive measures of uncertainty in representative outcomes for a typical generation and across generations. We then estimate expected utility for generations based on simplifying assumptions and incorporate these expected utility calculations in an overall social welfare measure. Using a horizontal equity index, we also compare the different systems' performance in terms of how neighboring generations are treated.
主题Public Economics ; National Fiscal Issues ; Labor Economics ; Demography and Aging
URLhttps://www.nber.org/papers/w14682
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/572358
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GB/T 7714
Alan J. Auerbach,Ronald Lee. Welfare and Generational Equity in Sustainable Unfunded Pension Systems. 2009.
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