Kirn, Tanja; Dekkers, Gijs J. M. - In: Risks : open access journal 13 (2025) 5, pp. 1-32
This paper establishes a theoretical link between actuarial neutrality and the Oaxaca-Blinder decomposition to empirically assess vertical equity in public defined-benefit schemes. We demonstrate how this approach can be generalized to non-linear functions, point systems, and notional accounts....