Aggregate Risks, Intergenerational Risk-Sharing and Fiscal Sustainability in the Finnish Earnings-Related Pension System
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Auerbach, Alan & Kueng, Lorenz & Lee, Ronald & Yatsynovich, Yury, 2018.
"Propagation and smoothing of shocks in alternative social security systems,"
Journal of Public Economics, Elsevier, vol. 164(C), pages 91-105.
- Alan Auerbach & Lorenz Kueng & Ronald Lee, 2013. "Propagation and Smoothing of Shocks in Alternative Social Security Systems," NBER Working Papers 19137, National Bureau of Economic Research, Inc.
- Auerbach, Alan & Kueng, Lorenz & Lee, Ronald & Yatsynovich, Yury, 2018. "Propagation and smoothing of shocks in alternative social security systems," Department of Economics, Working Paper Series qt0xv641jh, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Jukka Lassila & Tarmo Valkonen, 2018.
"Longevity, Working Lives, And Public Finances,"
Contemporary Economic Policy, Western Economic Association International, vol. 36(3), pages 467-482, July.
- Lassila, Jukka & Valkonen, Tarmo, 2014. "Longevity, Working Lives and Public Finances," ETLA Working Papers 24, The Research Institute of the Finnish Economy.
- Honkatukia, Juha, 2011. "Three takes on sustainability," Research Reports P58, VATT Institute for Economic Research.
- Auerbach, Alan J. & Lee, Ronald, 2011.
"Welfare and generational equity in sustainable unfunded pension systems,"
Journal of Public Economics, Elsevier, vol. 95(1-2), pages 16-27, February.
- Auerbach, Alan J. & Lee, Ronald, 2011. "Welfare and generational equity in sustainable unfunded pension systems," Journal of Public Economics, Elsevier, vol. 95(1), pages 16-27.
- Alan J. Auerbach & Ronald Lee, 2009. "Welfare and Generational Equity in Sustainable Unfunded Pension Systems," NBER Working Papers 14682, National Bureau of Economic Research, Inc.
- Alho, Juha M., 2014. "Forecasting demographic forecasts," International Journal of Forecasting, Elsevier, vol. 30(4), pages 1128-1135.
- Lee, Ronald & Tuljapurkar, Shripad, 1998. "Uncertain Demographic Futures and Social Security Finances," American Economic Review, American Economic Association, vol. 88(2), pages 237-241, May.
- repec:zbw:bofism:2012_044 is not listed on IDEAS
- Lassila, Jukka & Valkonen, Tarmo & Alho, Juha M., 2014. "Demographic forecasts and fiscal policy rules," International Journal of Forecasting, Elsevier, vol. 30(4), pages 1098-1109.
- Auerbach,Alan J. & Lee,Ronald D. (ed.), 2001. "Demographic Change and Fiscal Policy," Cambridge Books, Cambridge University Press, number 9780521662444, September.
- Jukka Lassila & Tarmo Valkonen & Juha M. Alho, 2011. "Assessing the sustainability of health and long-term care financing - and the usefulness of policy guidelines based on demographic forecasts," Chapters, in: Three takes sustainability. VATT Publications 58, pages 151-175, The Research Institute of the Finnish Economy.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Hougaard Jensen, Svend E. & Lassila, Jukka & Määttänen, Niku & Valkonen, Tarmo & Westerhout, Ed, 2019. "Top 3: Pension Systems in Denmark, Finland, and the Netherlands," ETLA Working Papers 66, The Research Institute of the Finnish Economy.
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.- Alho, Juha & Lassila, Jukka, 2022. "Assessing Components of Uncertainty in Demographic Forecasts with an Application to Fiscal Sustainability," ETLA Working Papers 92, The Research Institute of the Finnish Economy.
- Lassila, Jukka & Valkonen, Tarmo & Alho, Juha M., 2011. "Fiscal sustainability and policy rules under changing demographic forecasts," Discussion Papers 1265, The Research Institute of the Finnish Economy.
- Jukka Lassila & Tarmo Valkonen, 2018.
"Longevity, Working Lives, And Public Finances,"
Contemporary Economic Policy, Western Economic Association International, vol. 36(3), pages 467-482, July.
- Lassila, Jukka & Valkonen, Tarmo, 2014. "Longevity, Working Lives and Public Finances," ETLA Working Papers 24, The Research Institute of the Finnish Economy.
- David C. Lane & Özge Pala & Yaman Barlas & Willem L. Auping & Erik Pruyt & Jan H. Kwakkel, 2015. "Societal Ageing in the Netherlands: A Robust System Dynamics Approach," Systems Research and Behavioral Science, Wiley Blackwell, vol. 32(4), pages 485-501, July.
- Lassila, Jukka & Valkonen, Tarmo & Alho, Juha M., 2014. "Demographic forecasts and fiscal policy rules," International Journal of Forecasting, Elsevier, vol. 30(4), pages 1098-1109.
- Yueqiang Zhao & Manying Bai & Peng Feng & Mengyuan Zhu, 2018. "Stochastic Assessments of Urban Employees’ Pension Plan of China," Sustainability, MDPI, vol. 10(4), pages 1-15, March.
- Balamatsias, Pavlos, 2018. "Democracy and government spending," MPRA Paper 84975, University Library of Munich, Germany.
- Nicolas Afflatet, 2016. "The impact of population ageing on public debt. A panel analysis for eighteen european countries," Working Papers 1615, University of Strathclyde Business School, Department of Economics.
- Määttänen, Niku & Alho, Juha, 2014. "Response to updated mortality forecasts in life cycle saving and labor supply," International Journal of Forecasting, Elsevier, vol. 30(4), pages 1120-1127.
- Alan J. Auerbach, 2012. "Societal Aging: Implications for Fiscal Policy," IMES Discussion Paper Series 12-E-12, Institute for Monetary and Economic Studies, Bank of Japan.
- I. Bryzhan & V. Chevhanova & Î. Hryhoryeva & L. Svystun, 2020. "Approaches to forecasting demography trends in the management of integrated area development," Economy and Forecasting, Valeriy Heyets, issue 2, pages 21-42.
- Martin S. Feldstein & Jeffrey B. Liebman, 2002.
"The Distributional Effects of an Investment-Based Social Security System,"
NBER Chapters, in: The Distributional Aspects of Social Security and Social Security Reform, pages 263-326,
National Bureau of Economic Research, Inc.
- Martin Feldstein & Jeffrey Liebman, 2000. "The Distributional Effects of an Investment-Based Social Security System," NBER Working Papers 7492, National Bureau of Economic Research, Inc.
- Martin Feldstein & Jeffrey B Liebman, 2002. "The Distributional Effects of an Investment-Based Social Security System," Working Papers 02-08, Center for Economic Studies, U.S. Census Bureau.
- Jagadeesh Gokhale & Laurence J. Kotlikoff, 2002.
"Social Security's Treatment of Postwar Americans. How Bad Can It Get?,"
NBER Chapters, in: The Distributional Aspects of Social Security and Social Security Reform, pages 207-262,
National Bureau of Economic Research, Inc.
- Jagadeesh Gokhale & Laurence J. Kotlikoff, 1999. "Social Security's Treatment of Postwar Americans: How Bad Can It Get?," NBER Working Papers 7362, National Bureau of Economic Research, Inc.
- Jagadeesh Gokhale & Laurence J. Kotlikoff, 1999. "Social Security's treatment of postwar Americans: how bad can it get?," Working Papers (Old Series) 9912, Federal Reserve Bank of Cleveland.
- d'Albis, Hippolyte & Collard, Fabrice, 2011.
"Age Groups and the Measure of Population Aging,"
LERNA Working Papers
11.05.339, LERNA, University of Toulouse.
- Hippolyte d'Albis & Fabrice Collard, 2013. "Age groups and the measure of population aging," PSE-Ecole d'économie de Paris (Postprint) hal-01015396, HAL.
- d'Albis, Hippolyte & Collard, Fabrice, 2013. "Age Groups and the Measure of Population Aging," MPRA Paper 49972, University Library of Munich, Germany.
- Hippolyte d'Albis & Fabrice Collard, 2012. "Age groups and the Measure of Population Aging," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00768889, HAL.
- Hippolyte d'Albis & Fabrice Collard, 2013. "Age groups and the measure of population aging," Post-Print hal-01015396, HAL.
- Hippolyte d'Albis & Fabrice Collard, 2012. "Age groups and the Measure of Population Aging," Post-Print halshs-00768889, HAL.
- Hippolyte d'Albis & Fabrice Collard, 2012. "Age Groups and the Measure of Population Aging," Documents de travail du Centre d'Economie de la Sorbonne 12081, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Marco Cozzi & Qiushan Li, 2024.
"Do wealth shocks matter for the life satisfaction of the elderly? Evidence from the health and retirement study,"
Economics Bulletin, AccessEcon, vol. 44(1), pages 88-98.
- Marco Cozzi & Qiushan Li, 2020. "Do Wealth Shocks Matter for the Life Satisfaction of the Elderly? Evidence from the Health and Retirement Study," Department Discussion Papers 2002, Department of Economics, University of Victoria.
- Frank T. Denton & Byron G. Spencer, 1998.
"Economic Costs of Population Aging,"
Quantitative Studies in Economics and Population Research Reports
339, McMaster University.
- Frank T. Denton & Byron G. Spencer, 1999. "Economic Costs of Population Aging," Department of Economics Working Papers 1999-02, McMaster University.
- Frank T. Denton & Byron G. Spencer, 1998. "Economic Costs of Population Aging," Independence and Economic Security of the Older Population Research Papers 32, McMaster University.
- Richard W. Evans & Laurence J. Kotlikoff & Kerk L. Phillips, 2012.
"Game Over: Simulating Unsustainable Fiscal Policy,"
NBER Chapters, in: Fiscal Policy after the Financial Crisis, pages 177-202,
National Bureau of Economic Research, Inc.
- Richard W. Evans & Laurence J. Kotlikoff & Kerk L. Phillips, 2012. "Game Over: Simulating Unsustainable Fiscal Policy," NBER Working Papers 17917, National Bureau of Economic Research, Inc.
- Honkatukia, Juha & Vaittinen, Risto, 2021. "To Have and Have Not - Evaluating the costs and benefits of the welfare state with an AGE model of Finland with Intergenerational Accounting," Conference papers 333315, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
- Huan Wang & Jianyuan Huang & Shuangyue Sun, 2019. "Assessment of the Financial Sustainability of China’s New Rural Pension Plan: Does the Demographic Policy Reform Matter?," Sustainability, MDPI, vol. 11(18), pages 1-22, September.
- Fanny Annemarie Kluge, 2013. "The Fiscal Impact of Population Aging in Germany," Public Finance Review, , vol. 41(1), pages 37-63, January.
More about this item
Keywords
Pensions; Funding; Contribution smoothing; Risks; Generational fairness;All these keywords.
JEL classification:
- E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
- J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
NEP fields
This paper has been announced in the following NEP Reports:- NEP-AGE-2018-02-26 (Economics of Ageing)
- NEP-EUR-2018-02-26 (Microeconomic European Issues)
- NEP-MAC-2018-02-26 (Macroeconomics)
Statistics
Access and download statisticsCorrections
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:rif:wpaper:57. 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: Kaija Hyvönen-Rajecki (email available below). General contact details of provider: https://edirc.repec.org/data/etlaafi.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.