EconStor >
Research Institute of the Finnish Economy (ETLA), Helsinki >
ETLA Discussion Papers, Research Institute of the Finnish Economy >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/63898
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorLassila, Jukkaen_US
dc.contributor.authorValkonen, Tarmoen_US
dc.date.accessioned2012-09-21T11:28:22Z-
dc.date.available2012-09-21T11:28:22Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/63898-
dc.description.abstractA major reform in the Finnish private-sector earnings-related pension system came into effect on January 1st, 2005. It was negotiated in 2001 – 2002 between the central organisations of employers and trade unions and representatives of the central government. This paper describes the reform and analyses its effects on selected macroeconomic variables, on the pension system and on the position of different birth cohorts and different educational groups. The reform appears to be successful in many respects. It simplifies the private-sector pension system and makes it a model that other pension systems in Finland will converge to. The reform rewards postponing retirement. It curbs the increase in contribution rate without endangering the adequacy of replacement rates. The increase in labour supply will have beneficial welfare effects. The new system also responds rather well to uncertain future demographics. Despite this apparent success of the reform there remains a serious doubt of its adequacy, as contribution rates are still expected to rise by several percentage points.en_US
dc.language.isoengen_US
dc.publisherThe Research Institute of the Finnish Economy (ETLA) Helsinkien_US
dc.relation.ispartofseriesETLA Discussion Papers, The Research Institute of the Finnish Economy (ETLA) 1000en_US
dc.subject.jelH55en_US
dc.subject.jelJ11en_US
dc.subject.ddc330en_US
dc.subject.keywordpension reform, population ageing, stochastic population simulationsen_US
dc.subject.stwRentenreformen_US
dc.subject.stwAlterssicherungen_US
dc.subject.stwBevölkerungsentwicklungen_US
dc.subject.stwPrivate Rentenversicherungen_US
dc.subject.stwSimulationen_US
dc.subject.stwFinnlanden_US
dc.titleThe Finnish pension reform of 2005en_US
dc.typeWorking Paperen_US
dc.identifier.ppn506261050en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:ETLA Discussion Papers, Research Institute of the Finnish Economy

Files in This Item:
File Description SizeFormat
506261050.pdf309.38 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.