Redistributive effects of the US pension system among individuals with different life expectancy

Sánchez-Romero M & Prskawetz A (2017). Redistributive effects of the US pension system among individuals with different life expectancy. The Journal of the Economics of Ageing 10: 51-74. DOI:10.1016/j.jeoa.2017.10.002.

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Abstract

We investigate the differential impact that pension systems have on the labor supply and the accumulation of physical and human capital for individuals that differ by their learning ability and levels of life expectancy. Using a general equilibrium model populated by overlapping generations, in which all population groups interact through the pension system, the labor market, and the capital market, we show that the increasing gap in life expectancy by socioeconomic status makes the US pension system progressively more regressive and explains the increasing per capita income gap across ability groups.

Item Type: Article
Research Programs: World Population (POP)
Depositing User: Romeo Molina
Date Deposited: 10 Nov 2017 17:46
Last Modified: 10 Nov 2017 17:46
URI: http://pure.iiasa.ac.at/14911

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