We present novel estimates of Social Security Wealth (SSW) at the individual level based on the SHARE survey. Our estimates are based on a rigorous methodology taking into account country-specific legislations, the earnings history and the longevity prospects of individuals. The key advantage over existing estimates is that our measures of SSW are fully comparable across countries. This allows us to construct indexes of the redistribution enacted by the pension systems in Europe. Finally, we provide descriptive evidence of the relationship between SSW and private wealth.

What do we learn about redistribution effects of pension systems from internationally comparable measures of Social Security Wealth?

Michele Belloni;Agar Brugiavini;Raluca E. Buia;Ludovico Carrino;Danilo Cavapozzi;Cristina Orso;Giacomo Pasini
2020

Abstract

We present novel estimates of Social Security Wealth (SSW) at the individual level based on the SHARE survey. Our estimates are based on a rigorous methodology taking into account country-specific legislations, the earnings history and the longevity prospects of individuals. The key advantage over existing estimates is that our measures of SSW are fully comparable across countries. This allows us to construct indexes of the redistribution enacted by the pension systems in Europe. Finally, we provide descriptive evidence of the relationship between SSW and private wealth.
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/10278/3712191
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