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Pension wealth gaps in a system with disintegrated retirement arrangements

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  • Raab, Roman

Abstract

This paper examines the application of the gap concept to determine pension wealth differentials across different retirement arrangements and over a range of retirement ages. The gap concept allows for comparisons of equality outcomes without having to rely on the optimal savings paradigm. The micro simulation analysis draws a clear picture of inequalities generated by a pension system as opposed to other sources of inequality within the generation in retirement.

Suggested Citation

  • Raab, Roman, 2015. "Pension wealth gaps in a system with disintegrated retirement arrangements," MPRA Paper 64762, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:64762
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    File URL: https://mpra.ub.uni-muenchen.de/64762/1/MPRA_paper_64762.pdf
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    References listed on IDEAS

    as
    1. Erich Battistin & Agar Brugiavini & Enrico Rettore & Guglielmo Weber, 2009. "The Retirement Consumption Puzzle: Evidence from a Regression Discontinuity Approach," American Economic Review, American Economic Association, vol. 99(5), pages 2209-2226, December.
    2. Roman Raab & Brenda Gannon, 2014. "Diversity of labor supply incentives and retirement: evidence from Ireland," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 17(4), pages 303-321, December.
    3. Richard H. Thaler, 2017. "Behavioral Economics," Journal of Political Economy, University of Chicago Press, vol. 125(6), pages 1799-1805.
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    6. Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1, July.
    7. Moffitt, Robert & Nicholson, Walter, 1982. "The Effect of Unemployment Insurance on Unemployment: The Case of Federal Supplemental Benefits," The Review of Economics and Statistics, MIT Press, vol. 64(1), pages 1-11, February.
    8. Shlomo Benartzi & Richard H. Thaler, 1995. "Myopic Loss Aversion and the Equity Premium Puzzle," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(1), pages 73-92.
    9. Samwick, Andrew A., 1998. "New evidence on pensions, social security, and the timing of retirement," Journal of Public Economics, Elsevier, vol. 70(2), pages 207-236, November.
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    12. Pablo Antolín & Edward Whitehouse, 2009. "Filling the Pension Gap: Coverage and Value of Voluntary Retirement Savings," OECD Social, Employment and Migration Working Papers 69, OECD Publishing.
    13. Roman Raab & Brenda Gannon, 2014. "Diversity of labor supply incentives and retirement: evidence from Ireland," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 17(4), pages 303-321, October.
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    More about this item

    Keywords

    Personal Income; Wealth; and Their Distributions; Equity; Justice; Inequality; and Other Normative Criteria and Measurement; Retirement and Retirement Policies;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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