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Automatic adjustment mechanisms in public pension reforms: Effects over fiscal sustainability, adequacy, and fairness

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  • Diego Wachs
  • Jorge Onrubia

Abstract

In this paper, we used an overlapping generations model to analyse the effects of such reforms over fiscal sustainability, adequacy, and fairness of public pension systems. We looked at three scenarios defined by the mechanisms indexing retirement age: a constant pensions fiscal balance, constant life expectancy after retirement, and constant disability-free life expectancy after retirement.

Suggested Citation

  • Diego Wachs & Jorge Onrubia, 2021. "Automatic adjustment mechanisms in public pension reforms: Effects over fiscal sustainability, adequacy, and fairness," Working Papers 2021-05, FEDEA.
    • Handle: RePEc:fda:fdaddt:2021-05
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