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Tilburg University Flexible pension take-up in social security
| Content Provider | Semantic Scholar |
|---|---|
| Author | Adema, Yvonne Bonenkamp, Jan P. M. Meijdam, Lex |
| Copyright Year | 2015 |
| Abstract | This paper studies the redistribution and welfare effects of increasing the flexibility of individual pension take-up. We use an overlapping-generations model with Beveridgean pay-as-you-go pensions and heterogeneous individuals who differ in ability and lifespan. We find that introducing flexible pension take-up can induce a Pareto improvement when the initial pension scheme contains within-cohort redistribution and induces early retirement. Such a Pareto improving reform entails the application of uniform actuarial adjustment of pension entitlements based on average lifespan. Introducing actuarial non-neutrality that stimulates later retirement further improves such a flexibility reform. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://pure.uvt.nl/ws/portalfiles/portal/14357607/Flexible_pension_take_up_Adema.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
