Macroeconomic aspects of intergenerational solidarity

J. P. M. Bonenkamp, M. E. A. J. Ven and E. W. M. T. Westerhout
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J. P. M. Bonenkamp: Labour Market
M. E. A. J. Ven: Labour Market
E. W. M. T. Westerhout: Labour Market

Chapter 11 in Costs and Benefits of Collective Pension Systems, 2007, pp 205-226 from Springer

Abstract: Abstract This chapter addresses the macroeconomic gains and losses of intergenerational solidarity. The benefits are mainly in better risk sharing, the losses are particularly formed by a distortion of the labour market. Besides risk sharing, intergenerational solidarity also leads to intergenerational redistribution, of which the benefits are not always clear. On the basis of the current insights, the benefits seem to exceed the losses.

Keywords: Pension Fund; Intergenerational Transfer; Define Contribution; Funding Ratio; Define Benefit (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-540-74374-3_11

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DOI: 10.1007/978-3-540-74374-3_11

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