Now showing items 1-5 of 5
The risk sharing effects of social security and the stochastic properties of income growth
(Report2002:51, Research report, 2002-12)
Time-series analyses of output and productivity data suggest that shocks are fairly persistent. This has implications for the intergenerational risk-sharing effects of pay-as-you-go (paygo) social security programs. By ...
Assessing the effects of early retirement programs
(Report2000:10, Research report, 2000-04)
We investigate induced retirement effects of the Norwegian early retirement program "AFP" and emphasize effects caused by relocations of some individuals from disability pension to AFP. Our theoretical model predicts that ...
Designing social security : a portfolio choice approach
(Report2001:34, Research report, 2001-10)
Public social security systems may provide diversification of risks to individuals' life-time income. Capturing that a pay-as-you-go program (paygo) may be considered as a "quasi-asset", we study the optimal size of the ...
Intergenerational risk sharing by means of pay-as-you-go programs : an investigation of alternative mechanisms
(Report2006:12, Research report, 2006-05)
A pay-as-you-go (paygo) pension program may provide intergenerational pooling of risks to individuals’ labor and capital income over the life cycle. By means of illuminating closed form solutions we demonstrate that the ...
Social security reforms and early retirement
(Report2000:47, Research report, 2000-09)
In order to stimulate labor market participation and improve the financial viability of the social security systems, many recent reform proposals in various OECD economies suggest to scale down the non-actuarial parts of ...