Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/222028 
Year of Publication: 
2018
Series/Report no.: 
IEHAS Discussion Papers No. MT-DP - 2018/15
Publisher: 
Hungarian Academy of Sciences, Institute of Economics, Budapest
Abstract: 
We reconsider the problem of indexation of public pensions, emphasizing that similar contribution paths should imply similar benefit paths. This robustness criterion is only satisfied by full wage indexing, which in turn requires the politically unpopular reduction of the accrual rates. To minimize the redistribution from low-earning short-lived citizens to high-earning long-lived ones, progressive benefits should be introduced.
Subjects: 
public pensions
indexation
fairness
JEL: 
D10
H55
Document Type: 
Working Paper

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