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Life Time Pension Benefits Relative to Life Time Contributions

Dennis Fredriksen () and Nils M Stølen ()
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Dennis Fredriksen: Statistics Norway, Oslo, Norway
Nils M Stølen: Statistics Norway, Oslo, Norway

International Journal of Microsimulation, 2017, vol. 10, issue 2, 177-207

Abstract: 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)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ijm:journl:v10:y:2017:i:2:p:177-207

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