Life Time Pension Benefits Relative to Life Time Contributions
Dennis Fredriksen () and
Nils M StÃ¸len ()
Additional contact information
Dennis Fredriksen: Statistics Norway, Oslo, Norway
Nils M StÃ¸len: Statistics Norway, Oslo, Norway
International Journal of Microsimulation, 2017, vol. 10, issue 2, 177-207
By extending a dynamic micro simulation model we compare total expected discounted contributions to the Norwegian National Insurance System with expected discounted sum of benefits from pensions received for cohorts born between 1910 and 2070. The results show that the cohorts, who established the pay-as-you-go system in 1967, experienced a substantial gain by letting future generations pay. As a result of the pension reform from 2011 future pension benefits will be tightened. With a positive net rate of interest cohorts born between 1950 and 1980 are those who are most hurt by the reform, while cohorts born after 2000 gain.
Keywords: PENSION SYSTEMS; INTERGENERATIONAL DISTRIBUTION; DYNAMIC MICROSIMULATION (search for similar items in EconPapers)
JEL-codes: D31 H55 J16 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ijm:journl:v10:y:2017:i:2:p:177-207
Access Statistics for this article
International Journal of Microsimulation is currently edited by Matteo Richiardi
More articles in International Journal of Microsimulation from International Microsimulation Association
Bibliographic data for series maintained by Jinjing Li ().