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Pension and Intergenerational Balance - a case study of Norway, Poland and Germany using Generational Accounting
[journal article]
Abstract In this paper we apply the method of Generational Accounting to analyse whether today’s government policy burdens future generations with a heavier load than current generations. We analyse pay-as-you-go pension systems and their reforms in Norway, Poland and Germany. Our results show that, through ... view more
In this paper we apply the method of Generational Accounting to analyse whether today’s government policy burdens future generations with a heavier load than current generations. We analyse pay-as-you-go pension systems and their reforms in Norway, Poland and Germany. Our results show that, through these reforms, pension systems in all three countries became more intergenerationally balanced as the implicit debt to be paid by future generations was reduced. However, the burden is shared differently: in Norway current pensioners have to contribute to enhancing the financial sustainability of the pension system while Poland and Germany seem to protect current pensioners at the expense of younger generations.... view less
Keywords
redistribution; Intergenerational relations; sustainability; Federal Republic of Germany; Norway; pension payments; justice; international comparison; reform; pay-as-you-go; pension policy; inter-generational contract; Poland; pension insurance
Classification
Social Security
Public Finance
Free Keywords
Generational Accounting; Intergenerational Redistribution
Document language
English
Publication Year
2017
Page/Pages
p. 64-77
Journal
Intergenerational Justice Review, 3 (2017) 2
Issue topic
Measuring Intergenerational Justice for Public Policy (I)
DOI
https://doi.org/10.24357/igjr.11.2.631
ISSN
2190-6335
Status
Published Version; peer reviewed