BEGIN:VCALENDAR
VERSION:2.0
PRODID:https://www.diw.de/de/diw_01.c.806339.de/veranstaltungen.html
METHOD:PUBLISH
CALSCALE:GREGORIAN
BEGIN:VEVENT
UID:diw_01.c.493934.de
LOCATION:Eleanor-Dulles-Raum,DIW Berlin im Quartier 110,5.2.010,Anton-Wilhelm-Amo-Straße 58,10117 Berlin
SUMMARY:Inequality and Defined Benefit Pensions when Life Expectancy is Heterogeneous
DESCRIPTION:12:30 - 13:30 // This study analyzes the distributional effects of a defined pension benefit system under heterogeneous life expectancies. For this purpose, we propose a methodology that quantifies life expectancy-based regressive redistribution using a life expectancy-adjusted benchmark scenario. This methodology is combined with a structural life-cycle model of labor supply, retirement and consumption decisions that allows for behavioral responses to changes in the pension system. We show that the German pension system induces a large regressive redistribution of life-time income, and has a relevant regressive effect on average annual consumption. Behavioral responses to regressive redistribution matter for the results. Introducing progressivity into either pension contributions or pension benefits only partially offsets the effects of life expectancy-based regressive redistribution via the pension system.
DTSTART;VALUE=DATE:20150107
DTEND;VALUE=DATE:20150107
DTSTAMP:20150108T084600Z
URL:https://www.diw.de/de/diw_01.c.493934.de/veranstaltungen/inequality_and_defined_benefit_pensions_when_life_expectancy_is_heterogeneous.html
ORGANIZER;CN=Michael Neumann:mailto:mneumann@diw.de
END:VEVENT
END:VCALENDAR