What do we learn about redistribution effects of pension systems from internationally comparable measures of Social Security Wealth?

Michele Belloni; Agar Brugiavini; Raluca  E. Buia; Ludovico Carrino; Danilo Cavapozzi; Cristina E. Orso; Giacomo Pasini

doi:10.1017/S1474747219000118

What do we learn about redistribution effects of pension systems from internationally comparable measures of Social Security Wealth?

Michele Belloni, Agar Brugiavini, Raluca E. Buia, Ludovico Carrino, Danilo Cavapozzi, Cristina E. Orso , Giacomo Pasini

Research output: Contribution to journal › Article › peer-review

7 Citations (Scopus)

Abstract

We present novel estimates of Social Security Wealth (SSW) at the individual level based on the SHARE survey. Our estimates are based on a rigorous methodology taking into account country-specific legislations, the earnings history and the longevity prospects of individuals. The key advantage over existing estimates is that our measures of SSW is fully comparable across countries. This allows us to construct several indexes of the redistribution enacted by the pension systems in Europe. Moreover, simple correlations between SSW and alternative measures of private wealth are presented to provide descriptive evidence of the displacement
effect of SSW on private wealth

Original language	English
Pages (from-to)	1-19
Number of pages	19
Journal	Journal Of Pension Economics & Finance
Early online date	23 Apr 2019
DOIs	https://doi.org/10.1017/S1474747219000118
Publication status	E-pub ahead of print - 23 Apr 2019

Keywords

Redistribution
SHARE
Social Security Wealth

Access to Document

10.1017/S1474747219000118

Cite this

@article{88fa83dcd10f4a6dbd744a0537fd40b3,

title = "What do we learn about redistribution effects of pension systems from internationally comparable measures of Social Security Wealth?",

abstract = "We present novel estimates of Social Security Wealth (SSW) at the individual level based on the SHARE survey. Our estimates are based on a rigorous methodology taking into account country-specific legislations, the earnings history and the longevity prospects of individuals. The key advantage over existing estimates is that our measures of SSW is fully comparable across countries. This allows us to construct several indexes of the redistribution enacted by the pension systems in Europe. Moreover, simple correlations between SSW and alternative measures of private wealth are presented to provide descriptive evidence of the displacementeffect of SSW on private wealth",

keywords = "Redistribution, SHARE, Social Security Wealth",

author = "Michele Belloni and Agar Brugiavini and {E. Buia}, Raluca and Ludovico Carrino and Danilo Cavapozzi and {E. Orso}, Cristina and Giacomo Pasini",

year = "2019",

month = apr,

day = "23",

doi = "10.1017/S1474747219000118",

language = "English",

pages = "1--19",

journal = "Journal Of Pension Economics & Finance",