The best indexation of public pensions: the point system
Andras Simonovits ()
No 1815, IEHAS Discussion Papers from Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences
We reconsider the problem of indexation of public pensions, emphasizing that similar contribution paths should imply similar benefit paths. This robustness criterion is only satisfied by full wage indexing, which in turn requires the politically unpopular reduction of the accrual rates. To minimize the redistribution from low-earning short-lived citizens to high-earning long-lived ones, progressive benefits should be introduced.
Keywords: public pensions; indexation; fairness (search for similar items in EconPapers)
JEL-codes: D10 H55 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-age and nep-pbe
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