The best indexation of public pensions: The point system

We reconsider the problem of indexation of public pensions, emphasizing that similar contribution paths should imply similar benefit paths. This robustness criterion is only satisfied by full wage indexing, which in turn requires the politically unpopular reduction of the accrual rates. To minimize the redistribution from low-earning short-lived citizens to high-earning long-lived ones, progressive benefits should be introduced.

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

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Series:	IEHAS Discussion Papers ; MT-DP - 2018/15
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	1666866369 [GVK] hdl:10419/222028 [Handle] RePEc:has:discpr:1815 [RePEc]
Classification:	D10 - Household Behavior and Family Economics. General ; H55 - Social Security and Public Pensions
Source:	EconStor

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