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Some Distributional Impacts of Marginal Changes to Public Pension Parameters

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  • Bruce Kennedy

Abstract

This paper examines the redistribution of lifetime disposable income generated by small changes to important parameters in Canada's public pension system. These changes represent creeping reforms of the sort that are routinely implemented through using different indexation formula for different programs or through subtle changes to individual programs. A microsimulation analysis using Statistics Canada's Lifetime Income Pension Policy Simulator (LIPPS) indicates that the distributional consequences of such changes can be significant and counter-intuitive. Indeed, it appears that even pension policy advocacy groups may, on occasion, fail to perceive correctly the impacts of such proposals on their constituents. Such misperceptions can be enough to block potentially beneficial reforms such as automatic mandatory credit splitting in the Canada Pension Plan (CPP).

Suggested Citation

  • Bruce Kennedy, 1990. "Some Distributional Impacts of Marginal Changes to Public Pension Parameters," Canadian Public Policy, University of Toronto Press, vol. 16(1), pages 73-85, March.
    • Handle: RePEc:cpp:issued:v:16:y:1990:i:1:p:73-85
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    References listed on IDEAS

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    1. Michael C. Wolfson, 1988. "Homemaker Pensions And Lifetime Redistribution," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 34(3), pages 221-250, September.
    2. repec:bla:revinw:v:34:y:1988:i:3:p:221-50 is not listed on IDEAS
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