Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/192506 
Year of Publication: 
2007
Series/Report no.: 
Discussion Papers No. 524
Publisher: 
Statistics Norway, Research Department, Oslo
Abstract: 
A much higher old-age dependency ratio, together with more generous pension benefits, will lead to a substantial increase in the future public pension expenditures burden in Norway. A pension reform implemented from 2010 will imply a shift to a quasi-actuarial system, seeking to neutralise the expenditure effect of further growth in life expectancy and strengthen ties between former earnings and pension benefits. Labour supply will be stimulated by lowering implicit tax rates and by aligning the social and private costs of early retirement. Using a large dynamic microsimulation model we find that the reform will stimulate labour supply and reduce the future tax burden, but also increase inequality in the benefits received by old age pensioners.
Subjects: 
Pension reform
social security
retirement
pension expenditures
JEL: 
H53
H55
J26
Document Type: 
Working Paper

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