Working Paper No. 580

The Gains from Pension Reform

Publicerad: May 23, 2002Antal sidor: 65Nyckelord: Social Security; FundingJEL-koder: H55

The Gains from Pension Reform Assar Lindbeck and Mats Persson


We characterize pension systems along three dimensions: 1) actuarial vs. non-actuarial, 2) funded vs. pay-as-you-go, 3) defined-contribution vs. defined-benefit. Increasing the degree of actuarial fairness, by strengthening the linkage between contributions and benefits, reduces labor market distortions and may increase welfare in a Pareto-efficiency sense. Increasing the degree of funding implies mainly a redistribution of income among generations, although a partial shift to funding also provides better risk-return combinations for individuals. Shifting from defined-benefit to defined-contribution schemes (with fixed contribution rates) shifts the income risk from workers and taxpayers to pensioners.

EU och teknologiskiftet. Europaperspektiv 2020

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Hur kan EU dra nytta av teknologiskiftet? Det är det övergripande temat i årets upplaga av Europaperspektiv, EU och teknologiskiftet. Två kapitel i årets upplaga är skrivna av IFN-forskare.

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