| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w25944 |
| 来源ID | Working Paper 25944 |
| Redistributive Effects of Different Pension Systems When Longevity Varies by Socioeconomic Status | |
| Miguel Sánchez-Romero; Ronald D. Lee; Alexia Prskawetz | |
| 发表日期 | 2019-06-17 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | We propose a general analytical framework to model the redistributive features of alternative pension systems when individuals face ex ante differences in mortality. Differences in life expectancy between high and low socioeconomic groups are often large and have widened recently in many countries. Such longevity gaps affect the actuarial fairness and progressivity of public pension systems. However, behavioral responses to longevity and policy complicate analysis of possible reforms. Here we consider how various pension systems would perform in a general equilibrium OLG setting with heterogeneous longevity and ability. We evaluate redistributive effects of three Notional Defined Contribution plans and three Defined Benefit plans, calibrated on the US case. Compared to a benchmark non-redistributive plan that accounts for differences in mortality, US Social Security reduces regressivity from longevity differences, but would require group-specific life tables to achieve progressivity. Moreover, without separate life tables, despite apparent accounting gains, lower income groups would suffer welfare losses and higher income groups would enjoy welfare gains through indirect effects of pension systems on labor supply. |
| 主题 | Public Economics ; National Fiscal Issues ; Labor Economics ; Demography and Aging ; Labor Supply and Demand |
| URL | https://www.nber.org/papers/w25944 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/583618 |
| 推荐引用方式 GB/T 7714 | Miguel Sánchez-Romero,Ronald D. Lee,Alexia Prskawetz. Redistributive Effects of Different Pension Systems When Longevity Varies by Socioeconomic Status. 2019. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w25944.pdf（767KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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