Automatic adjustment mechanisms in public pension reforms: Effects over fiscal sustainability, adequacy, and fairness

Diego Wachs and Jorge Onrubia

No 2021-05, Working Papers from FEDEA

Abstract: In this paper, we used an overlapping generations model to analyse the effects of such reforms over fiscal sustainability, adequacy, and fairness of public pension systems. We looked at three scenarios defined by the mechanisms indexing retirement age: a constant pensions fiscal balance, constant life expectancy after retirement, and constant disability-free life expectancy after retirement.

Date: 2021-01
New Economics Papers: this item is included in nep-age and nep-dge
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