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We investigate numerically how indexation of funded pensions for inflation can be differ-entiated across the various …-fitting from a shift away from uniform indexation. Those welfare shifts result from systematicredistribution of welfare rather than …
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Initial public pensions are indexed to the economy-wide average wages, but pensions in progress are indexed to prices, average wages or their combinations - varying across countries and periods. We create a simple overlapping cohorts framework to study the properties of indexing pensions in...
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indexation scheme involves a choice between a low initial benefit with an increasing profile and a high initial benefit with a … indexation affects the trade-off between insurance and distribution when groups with different mortality are separated or pooled …
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