Social security reforms and early retirement

B-Tier
Journal: Journal of Population Economics
Year: 2003
Volume: 16
Issue: 2
Pages: 345-361

Authors (3)

Hans Fehr (Bayerische Julius-Maximilians-...) Wenche Irén Sterkeby (not in RePEc) Øystein Thøgersen (not in RePEc)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Many reform proposals of the social security systems in various OECD economies suggest to scale down the non-actuarial parts of the pension systems. These reforms have a flavor of increased efficiency at the costs of welfare losses for low-income individuals. Assessing the economic effects, we investigate five different reform proposals by means of a numerical overlapping generations model for the Norwegian economy. The model features an endogenous retirement age and heterogeneous individuals within generations. It turns out that the various reforms, which scale down the public non-actuarial pension system, lead to increases in the retirement age and steady-state welfare gains for all income classes. Copyright Springer-Verlag Berlin Heidelberg 2003

Technical Details

RePEc Handle
repec:spr:jopoec:v:16:y:2003:i:2:p:345-361
Journal Field
Growth
Author Count
3
Added to Database
2026-01-25