European pension systems: a simulation analysis

Turalay Kenc and William Perraudin

Fiscal Studies, 1997, vol. 18, issue 3, 249-277

Abstract: Pension systems in different countries vary widely in such aspects as the dependence of benefits on earlier labour income, the minimum permitted retirement age and limits on labour supply after retirement. This paper uses a simulation model of a rational, utility-maximising household facing the detailed pension provisions of eight European countries to study microeconomic distortions induced by the different rules and regulations. We examine in particular the impact on savings, labour supply, retirement age decisions and welfare.

JEL-codes: H55 J26 J65 (search for similar items in EconPapers)
Date: 1997
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Citations: View citations in EconPapers (3)

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Related works:
Working Paper: European Pension Systems: A Simulation Analysis (1995)
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Persistent link: https://EconPapers.repec.org/RePEc:ifs:fistud:v:18:y:1997:i:3:p:249-277

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