Redistributive effects of the US pension system among individuals with different life expectancy

Author
Sanchez-Romero, Miguel · Fürnkranz-Prskawetz, Alexia
Published 2017
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Abstract

We investigate the differential impact that pension systems have on the labor supply and the accumulation of physical and human capital for individuals that differ by their learning ability and levels of life expectancy. Our analysis is calibrated to the US economy using a general equilibrium model populated by overlapping generations, in which all population groups interact through the pension system, the labor market, and the capital market. Within our framework we analyze the redistributive and macroeconomic effects of a progressive versus a flat replacement rate of the pension system.

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Details

Title
Redistributive effects of the US pension system among individuals with different life expectancy
Author
Sanchez-Romero, Miguel · Fürnkranz-Prskawetz, Alexia
Year
2017
Published
2017
Type
Research Paper
Language
eng
Keywords
Human Capital · Longevity · Inequality · Life Cycle · Social Security · Employment · Unemployment · Wages · Intergenerational Income Distribution · Demographic Economics · Public Policy · Social Security And Public Pensions
This is Version 1 of this record. We added this version on May 7, 2017. This version is based on an original data import from RePEc.