The aging of society increases the importance of public pension systems. This study evaluates the influence of public pension entitlements on wealth inequality. Novel data source - the Eurosystem Household Finance and Consumption Survey – is used to compare the impact of the public pension...

Public pension wealth is an important component of a household's wealth portfolio. However, because of lack of data, it is usually omitted in the analysis of the wealth distribution. The literature on augmented wealth is focused on developed economies. We use a novel data source (Eurosystem...