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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.
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    6. 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.
    7. Richard H. Thaler, 2017. "Behavioral Economics," Journal of Political Economy, University of Chicago Press, vol. 125(6), pages 1799-1805.
    8. Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1.
    9. 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.
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    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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