The Future Burden of Public Pension Benefits A Microsimulation Study

Leif Andreassen, Dennis Fredriksen and Olav Ljones ()
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Olav Ljones: Statistics Norway, https://www.ssb.no/en/forskning/ansatte

Discussion Papers from Statistics Norway, Research Department

Abstract: The microsimulation model MOSART is used to analyse the long run development in disability and old-age pensions covered by the Norwegian National Insurance System. The number of pensioners will increase relative to the number of workers, leading to a growing tax burden on future generations. It is found that among those born before the year 2000, early generations possess a larger pension wealth (the discounted value of payments and received benefits) as a per cent of life time labour income than later generations. The paper discusses changes in the rules for determining pension benefits and the consequences of going from a pay-as-you-go system to a funded system.

Keywords: Disability; demography; microsimulation; pension benefits. (search for similar items in EconPapers)
JEL-codes: H5 J1 (search for similar items in EconPapers)
Date: 1994-04
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Persistent link: https://EconPapers.repec.org/RePEc:ssb:dispap:115

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