Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/192803 
Year of Publication: 
2015
Series/Report no.: 
Discussion Papers No. 821
Publisher: 
Statistics Norway, Research Department, Oslo
Abstract: 
The main goal of the Norwegian pension reform of 2011 is to improve long run fiscal sustainability, not least through stronger labour supply incentives. We assess to what extent the reform is likely to live up to these intentions. To this end we combine a dynamic microsimulation model, which includes a complete description of the Norwegian population and the pension system, with CGE-modelling of the effects on all government revenues and expenditures. We find that the reform is likely to make a great fiscal impact in the long run, and higher employment plays an important role in this respect. However, the pension reform alone is far from enough to solve the Norwegians long run problem of fiscal sustainability.
Subjects: 
Pension reforms
Fiscal sustainability
Income distribution
Computable general equilibrium model
Dynamic microsimulation
JEL: 
H30
H55
H62
H68
O15
Document Type: 
Working Paper

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