Inequality and Public Pension Entitlements

Eva Sierminska and Marcin Wroński

No 1212, GLO Discussion Paper Series from Global Labor Organization (GLO)

Abstract: The literature on wealth inequality is expanding very fast. Wealth is usually more concentrated than income. However, traditional measures of wealth inequality are based only on private wealth, and thus exclude public pension entitlements. In this chapter, the literature on the impact of public pension entitlements on wealth inequality is discussed. Empirical research shows, that wealth inequality is significantly reduced after accounting for public pension wealth. The value of Gini index is usually reduced by 20 - 40%.

Keywords: Inequality; Public Pensions (search for similar items in EconPapers)
JEL-codes: D31 H55 (search for similar items in EconPapers)
Date: 2022
New Economics Papers: this item is included in nep-age
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:glodps:1212

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