Whither Systemic Reform? A Critical Review of the Literature on the Distributional and Income Adequacy Effects of Systemic Pension Reforms

Marianne A. Ferber () and Patricia Simpson
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Marianne A. Ferber: Department of Economics, University of Illinois
Patricia Simpson: Institute of Human Resources and Employment Relations, School of Business Administration, Loyola University Chicago, 304 E. Madison, Philo, IL 61864, USA

management revue. Socio-economic Studies, 2009, vol. 20, issue 3, 254-276

Abstract: What is the relationship between the introduction of defined-contribution accounts into public pension systems and changes in elderly poverty and income inequality? The present study examines the current state of knowledge with regard to these relationships. The study is divided into four parts: 1) an overview of data indicating that elderly poverty began to rise at least in developed economies in recent years; 2) a discussion of a body of conceptual and empirical studies that suggests defined-contribution accounts will adversely impact elderly poverty and income inequality; 3) a review of confounding factors that make it difficult to project the direction of such relationships; 4) suggestions for future research.

Keywords: pay-as-you-go (PAYG); defined-benefits accounts; defined-contribution accounts; parametric reforms; systemic reform (search for similar items in EconPapers)
JEL-codes: I30 J30 J32 M12 (search for similar items in EconPapers)
Date: 2009
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