Intragenerational Redistribution within the Pension System
Calculating pension benefits using unisex life expectancy tables in a defined-contribution pension system results in a situation in which men, who live shorter lives on average, in a sense subsidize women, who live longer on average. The aim of this article is to estimate the scale of this redistrib...
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| Format: | Article |
| Language: | English |
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Collegium of Economic Analysis, SGH Warsaw School of Economics
2017-08-01
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| Series: | Gospodarka Narodowa. The Polish Journal of Economics |
| Subjects: | |
| Online Access: | http://www.journalssystem.com/gna/Redystrybucja-wewnatrzpokoleniowa-w-systemie-emerytalnym,100740,0,2.html |
| _version_ | 1819037378416738304 |
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| author | Magda Malec |
| author_facet | Magda Malec |
| author_sort | Magda Malec |
| collection | DOAJ |
| description | Calculating pension benefits using unisex life expectancy tables in a defined-contribution pension system results in a situation in which men, who live shorter lives on average, in a sense subsidize women, who live longer on average. The aim of this article is to estimate the scale of this redistribution. The analysis is based on an overlapping generations model with heterogeneity within the cohort and mandatory pay-as-you-go defined-contribution pension system. In line with demographic projections, increasing life expectancy has also been considered. Applying unisex life expectancy tables results in redistribution toward women at a level of 0.5%–0.7%, expressed by a consumption equivalent as a percentage of men’s consumption in the life cycle. However, this scale of redistribution within the pension system is not sufficient to compensate women for labor market discrimination. |
| first_indexed | 2024-12-21T08:20:28Z |
| format | Article |
| id | doaj.art-8877077d6cfb4a6ca271b7ca93f55529 |
| institution | Directory Open Access Journal |
| issn | 0867-0005 2300-5238 |
| language | English |
| last_indexed | 2024-12-21T08:20:28Z |
| publishDate | 2017-08-01 |
| publisher | Collegium of Economic Analysis, SGH Warsaw School of Economics |
| record_format | Article |
| series | Gospodarka Narodowa. The Polish Journal of Economics |
| spelling | doaj.art-8877077d6cfb4a6ca271b7ca93f555292022-12-21T19:10:27ZengCollegium of Economic Analysis, SGH Warsaw School of EconomicsGospodarka Narodowa. The Polish Journal of Economics0867-00052300-52382017-08-012904638110.33119/GN/100740100740Intragenerational Redistribution within the Pension SystemMagda MalecCalculating pension benefits using unisex life expectancy tables in a defined-contribution pension system results in a situation in which men, who live shorter lives on average, in a sense subsidize women, who live longer on average. The aim of this article is to estimate the scale of this redistribution. The analysis is based on an overlapping generations model with heterogeneity within the cohort and mandatory pay-as-you-go defined-contribution pension system. In line with demographic projections, increasing life expectancy has also been considered. Applying unisex life expectancy tables results in redistribution toward women at a level of 0.5%–0.7%, expressed by a consumption equivalent as a percentage of men’s consumption in the life cycle. However, this scale of redistribution within the pension system is not sufficient to compensate women for labor market discrimination.http://www.journalssystem.com/gna/Redystrybucja-wewnatrzpokoleniowa-w-systemie-emerytalnym,100740,0,2.htmlredistributionpension systemolg |
| spellingShingle | Magda Malec Intragenerational Redistribution within the Pension System Gospodarka Narodowa. The Polish Journal of Economics redistribution pension system olg |
| title | Intragenerational Redistribution within the Pension System |
| title_full | Intragenerational Redistribution within the Pension System |
| title_fullStr | Intragenerational Redistribution within the Pension System |
| title_full_unstemmed | Intragenerational Redistribution within the Pension System |
| title_short | Intragenerational Redistribution within the Pension System |
| title_sort | intragenerational redistribution within the pension system |
| topic | redistribution pension system olg |
| url | http://www.journalssystem.com/gna/Redystrybucja-wewnatrzpokoleniowa-w-systemie-emerytalnym,100740,0,2.html |
| work_keys_str_mv | AT magdamalec intragenerationalredistributionwithinthepensionsystem |