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.

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Year of publication:	2018
Authors:	Simonovits, András
Publisher:	Budapest : Hungarian Academy of Sciences, Institute of Economics
Subject:	public pensions \| pension contribution rate \| indexation \| fairness among cohorts

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Series:	IEHAS Discussion Papers ; MT-DP - 2018/11
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	1666829579 [GVK] hdl:10419/222024 [Handle] RePEc:has:discpr:1811 [RePEc]
Classification:	D10 - Household Behavior and Family Economics. General ; H55 - Social Security and Public Pensions
Source:	EconStor

Persistent link: https://www.econbiz.de/10012290258