IDEAS home Printed from https://ideas.repec.org/a/eee/ecolet/v183y2019ic5.html
   My bibliography  Save this article

Should a pension reform be announced? A reply

Author

Listed:
  • Hatcher, Michael

Abstract

Fedotenkov (2016) shows that a reduction in the pay-as-you-go (PAYG) contribution rate leads to larger welfare losses for the first transitional generation if the reform is announced in advance. His analysis is based on expected lifetime utility at the reform announcement date. This note reconsiders the reform from the alternative perspective of implementation date. It argues that an announced reform may be preferable because it raises realized consumption of the first transitional generation in old age. Implications for social welfare evaluations are illustrated with a numerical example.

Suggested Citation

  • Hatcher, Michael, 2019. "Should a pension reform be announced? A reply," Economics Letters, Elsevier, vol. 183(C), pages 1-1.
    • Handle: RePEc:eee:ecolet:v:183:y:2019:i:c:5
    DOI: 10.1016/j.econlet.2019.108583
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0165176519302873
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.econlet.2019.108583?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Fedotenkov, Igor, 2016. "Ignorance is bliss: Should a pension reform be announced?," Economics Letters, Elsevier, vol. 147(C), pages 135-137.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hatcher, Michael, 2022. "Solving linear rational expectations models in the presence of structural change: Some extensions," Journal of Economic Dynamics and Control, Elsevier, vol. 138(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hatcher, Michael, 2022. "Solving linear rational expectations models in the presence of structural change: Some extensions," Journal of Economic Dynamics and Control, Elsevier, vol. 138(C).

    More about this item

    Keywords

    Pension reform; Announcement; Savings; Welfare;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecolet:v:183:y:2019:i:c:5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ecolet .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.