Retirement Decisions, Benefits and the Neutrality of Pension Systems

ENEPRI Research Report No. 51

17 Pages Posted: 24 Mar 2012

See all articles by Marek Góra

Marek Góra

Warsaw School of Economics (SGH); IZA Institute of Labor Economics

Date Written: April 8, 2008

Abstract

This study discusses the pension system as an institutional structure for intergenerational exchange. The concept of intergenerational equilibrium is introduced as a condition for pension system stability, reducing labour market distortions as well as reaching social policy goals such as giving equal value to the welfare of each generation. The changing population structure has led to diminishing control of the division of GDP between the working and retired populations. The cost imposed on the working generations poses a growing risk of poverty among them and their families. The key feature of the pension system should be its neutrality. This report presents the main dimensions of the desired neutrality, exploring macro, individual, social and psychological neutrality.

Keywords: retirement, pension system, population, neutrality, pension system neutrality

Suggested Citation

Góra, Marek, Retirement Decisions, Benefits and the Neutrality of Pension Systems (April 8, 2008). ENEPRI Research Report No. 51, Available at SSRN: https://ssrn.com/abstract=2027846

Marek Góra (Contact Author)

Warsaw School of Economics (SGH) ( email )

aleja Niepodleglosci 162
PL-Warsaw, 02-554
Poland

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

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