| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP17078 |
| DP17078 Pension reform and wealth inequality: evidence from Denmark | |
| Torben M Andersen; Joydeep Bhattacharya; Anna Grodecka-Messi; Katja Mann | |
| 发表日期 | 2022-03-01 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | A growing literature explores reasons for rising wealth inequality, but disregards the role of pension systems despite their well-understood influence on life-cycle saving. In theory and according to available evidence, both pay-as-you-go (PAYG) and fully-funded (FF) pension schemes crowd out voluntary retirement saving. They differ because aggregate savings decrease in the former but increase under the latter system. Unlike most nations, Denmark has seen a decline in wealth inequality in recent decades. This paper studies a calibrated life-cycle model of Denmark and employs unique registry data to argue that a Danish pension system transition, from a mostly PAYG to a dominant, mandated FF scheme, explains much of this decline |
| 主题 | Public Economics |
| 关键词 | Wealth inequality Pension systems Crowding out Life-cycle savings |
| URL | https://cepr.org/publications/dp17078 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/546041 |
| 推荐引用方式 GB/T 7714 | Torben M Andersen,Joydeep Bhattacharya,Anna Grodecka-Messi,et al. DP17078 Pension reform and wealth inequality: evidence from Denmark. 2022. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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