Redistributive effects of the US pension system among individuals with different life expectancy

Miguel Sánchez-Romero and Alexia Fürnkranz-Prskawetz

The Journal of the Economics of Ageing, 2017, vol. 10, issue C, 51-74

Abstract: We investigate the differential impact that pension systems have on the labor supply and the accumulation of physical and human capital for individuals that differ by their learning ability and levels of life expectancy. Using a general equilibrium model populated by overlapping generations, in which all population groups interact through the pension system, the labor market, and the capital market, we show that the increasing gap in life expectancy by socioeconomic status makes the US pension system progressively more regressive and explains the increasing per capita income gap across ability groups.

Keywords: Human capital; Longevity; Inequality; Life cycle; Social security (search for similar items in EconPapers)
JEL-codes: E24 H55 J10 J18 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S2212828X17300075

Related works:
Working Paper: Redistributive effects of the US pension system among individuals with different life expectancy (2017)
Working Paper: Redistributive effects of the US pension system among individuals with different life expectancy (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:joecag:v:10:y:2017:i:c:p:51-74

DOI: 10.1016/j.jeoa.2017.10.002

Access Statistics for this article

The Journal of the Economics of Ageing is currently edited by D.E. Bloom, A. Sousa-Poza and U. Sunde

More articles in The Journal of the Economics of Ageing from Elsevier
Bibliographic data for series maintained by Catherine Liu ().