Labor income risk , demographic risk , and the design of ( wage-indexed ) social security

@inproceedings{Borgmann2002LaborIR,
  title={Labor income risk , demographic risk , and the design of ( wage-indexed ) social security},
  author={C. Borgmann},
  year={2002}
}
Pay-as-you-go pension programs can help to share risk amongst generations. While a wage-indexed pension program is best suited to share labor income risk, I show that the combination of stochastic labor income and stochastic population growth may reduce the possibilities for intergenerational risk sharing: Labor income risk can only be shared when individuals are also exposed to demographic risk. For demographic uncertainty the usual categorization of pension programs does not suffice. I… CONTINUE READING

From This Paper

Topics from this paper.
1 Citations
38 References
Similar Papers

Citations

Publications citing this paper.

References

Publications referenced by this paper.
Showing 1-10 of 38 references

Assessing social security: Some useful results

  • C. Borgmann
  • Diskussionsbeiträge des Institut für…
  • 2001
Highly Influential
4 Excerpts

A note on intergenerational risk sharing and the design of pay-asyou-go pension programs

  • O. Thøgersen
  • Journal of Population Economics, 11:373–378.
  • 1998
Highly Influential
6 Excerpts

Social security taxation and intergenerational risk sharing

  • W. Enders, H. Lapan
  • International Economic Review, 23:647–658.
  • 1982
Highly Influential
5 Excerpts

Old folks and spoiled brats: Why the baby boomers’ saving crisis need not be that bad

  • M. Bütler, P. Harms
  • Working Paper, Université de Lausanne.
  • 2001
Highly Influential
3 Excerpts

Asset-markets effects of the baby boom and social-security reform

  • R. Brooks
  • American Economic Review, 92(2):402–406.
  • 2002
2 Excerpts

Raffelhüschen Generational Accounting - Quo Vadis? erscheint

  • 9501 Bernd
  • in: Nordic Journal of Political Economy,
  • 2002

Raffelhüschen Soziale Grundsicherung in der Zukunft: Eine Blaupause erschienen in: B. Genser (Hrsg.), Finanzpolitik und Arbeitsmärkte, Schriften des Vereins für Socialpolitik

  • 9601 Bernd
  • N.F. Band 289,
  • 2002

Can market and voting institutions generate optimal intergenerational risk sharing ?

  • A. Rangel, R. Zeckhauser
  • 2001
1 Excerpt

Can market and voting institutions generate optimal intergenerational risk sharing? In Campbell, J

  • A. Rangel, R. Zeckhauser
  • Y. and Feldstein, M., editors, Risk Aspects of…
  • 2001
2 Excerpts

Similar Papers

Loading similar papers…