The Impact of Reducing the Pension Generosity on Inequality and Schooling

Autor:	Miguel Sanchez-Romero, Alexia Prskawetz
Rok vydání:	2020
Předmět:	Social security Generosity Economics and Econometrics Pension Inequality media_common.quotation_subject Life expectancy Economics Demographic economics Overlapping generations model Human capital Public finance media_common
Zdroj:	De Economist. 168:279-304
ISSN:	1572-9982 0013-063X
DOI:	10.1007/s10645-020-09359-w
Popis:	We investigate the impact of a reduction in the pension replacement rate on the schooling choice and on inequality in an overlapping generations model in which individuals differ by their life expectancy and in their cost of attending schooling. Within our framework we illustrate that many pension systems are ex ante regressive due to the difference in life expectancy across skill groups. We then derive the level of progressivity that needs to be implemented to restore an equal treatment of the pension system across skill groups.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::4987f65e873688a8911d61df8d795d27 https://doi.org/10.1007/s10645-020-09359-w Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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