Arbeitspapier
Flexible Pension Take-up in Social Security
This paper studies the redistribution and welfare effects of increasing the flexibility of individual pension take-up. We use an overlapping-generations model with Beveridgean pay-as-you-go pensions, where individuals differ in ability and life span. We find that introducing flexible pension take-up can induce a Pareto improvement when the initial pension scheme contains within-cohort redistribution and induces early retirement. Such a Pareto-improving reform entails the application of uniform actuarial adjustment of pension entitlements based on average life expectancy. Introducing actuarial non-neutrality that stimulates later retirement further improves such a flexibility reform.
- Language
-
Englisch
- Bibliographic citation
-
Series: Tinbergen Institute Discussion Paper ; No. 13-091/VI
- Classification
-
Wirtschaft
Social Security and Public Pensions
Taxation and Subsidies: Externalities; Redistributive Effects; Environmental Taxes and Subsidies
Retirement; Retirement Policies
- Subject
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redistribution
retirement
flexible pensions
Flexible Altersgrenze
Rentenreform
Wohlfahrtsanalyse
Umlageverfahren
Pareto-Optimum
Overlapping Generations
Theorie
- Event
-
Geistige Schöpfung
- (who)
-
Adema, Yvonne
Bonenkamp, Jan
Meijdam, Lex
- Event
-
Veröffentlichung
- (who)
-
Tinbergen Institute
- (where)
-
Amsterdam and Rotterdam
- (when)
-
2013
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Adema, Yvonne
- Bonenkamp, Jan
- Meijdam, Lex
- Tinbergen Institute
Time of origin
- 2013
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