Arbeitspapier

Forced reduction of pension contribution rate?

Due to various causes, the pension contribution rate can be reduced temporarily below its long-term value. We call a reduction forced if the balance of the public pension system is preserved through excessive wage-hikes and irritable relative devaluation of pensions in progress. A very simple overlapping cohorts model shows the limits of this policy and the resulting unfairness among cohorts.

Language
Englisch

Bibliographic citation
Series: IEHAS Discussion Papers ; No. MT-DP - 2018/11

Classification
Wirtschaft
Household Behavior: General
Social Security and Public Pensions
Subject
public pensions
pension contribution rate
indexation
fairness among cohorts

Event
Geistige Schöpfung
(who)
Simonovits, András
Event
Veröffentlichung
(who)
Hungarian Academy of Sciences, Institute of Economics
(where)
Budapest
(when)
2018

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Simonovits, András
  • Hungarian Academy of Sciences, Institute of Economics

Time of origin

  • 2018

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