Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/222024 
Year of Publication: 
2018
Series/Report no.: 
IEHAS Discussion Papers No. MT-DP - 2018/11
Publisher: 
Hungarian Academy of Sciences, Institute of Economics, Budapest
Abstract: 
Due to various causes, the pension contribution rate can be reduced temporarily below its long-term value. We call a reduction forced if the balance of the public pension system is preserved through excessive wage-hikes and irritable relative devaluation of pensions in progress. A very simple overlapping cohorts model shows the limits of this policy and the resulting unfairness among cohorts.
Subjects: 
public pensions
pension contribution rate
indexation
fairness among cohorts
JEL: 
D10
H55
Document Type: 
Working Paper

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