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What do we learn about redistribution effects of pension systems from internationally comparable measures of Social Security Wealth?

Author

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  • Michele Belloni

    (Department of Economics, University Of Venice CÃ Foscari; Netspar; Cerp-Collegio Carlo Alberto)

  • Agar Brugiavini

    (Department of Economics, University Of Venice CÃ Foscari)

  • Raluca E. Buia

    (Department of Economics, University Of Venice CÃ Foscari)

  • Ludovico Carrino

    (Department of Economics, University Of Venice CÃ Foscari; King's College London)

  • Danilo Cavapozzi

    (Department of Economics, University Of Venice CÃ Foscari; Netspar)

  • Cristina E. Orso

    (Department of Economics, University Of Venice CÃ Foscari)

  • Giacomo Pasini

    (Department of Economics, University Of Venice CÃ Foscari; Netspar)

Abstract

We present novel estimates of Social Security Wealth (SSW) at the individual level based on the SHARE survey. Our estimates are based on a rigorous methodology taking into account country-specific legislations, the earnings history and the longevity prospects of individuals. The key advantage over existing estimates is that our measures of SSW is fully comparable across countries. This allows us to construct several indexes of the redistribution enacted by the pension systems in Europe. Moreover, simple correlations between SSW and alternative measures of private wealth are presented to provide descriptive evidence of the displacement effect of SSW on private wealth.

Suggested Citation

  • Michele Belloni & Agar Brugiavini & Raluca E. Buia & Ludovico Carrino & Danilo Cavapozzi & Cristina E. Orso & Giacomo Pasini, 2017. "What do we learn about redistribution effects of pension systems from internationally comparable measures of Social Security Wealth?," Working Papers 2017:14, Department of Economics, University of Venice "Ca' Foscari".
    • Handle: RePEc:ven:wpaper:2017:14
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    References listed on IDEAS

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    Cited by:

    1. Charles Yuji Horioka & Luigi Ventura, 2024. "Do the Retired Elderly in Europe Decumulate Their Wealth? The Importance of Bequest Motives, Precautionary Saving, Public Pensions, and Homeownership," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 70(1), pages 187-212, March.
    2. Antonio Abatemarco & Maria Russolillo, 2023. "The Dynamics of the Gender Gap at Retirement in Italy: Evidence from SHARE," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 9(2), pages 445-473, July.

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    Keywords

    Social Security Wealth; SHARE; redistribution;
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