Sweden : Adjoining the Guarantee Pension with NDC
This paper analyzes old-age incomes in Sweden from a pension policy perspective, focusing on both the economic position of elderly citizens and the redistributive effects of the pension system’s different parts. The empirical analyses show that eac...
| Main Authors: | , , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/437801556881062837/Sweden-Adjoining-the-Guarantee-Pension-with-NDC http://hdl.handle.net/10986/31626 |
| Summary: | This paper analyzes old-age incomes in
Sweden from a pension policy perspective, focusing on both
the economic position of elderly citizens and the
redistributive effects of the pension system’s different
parts. The empirical analyses show that each subsequent
cohort that reaches retirement age faces higher relative
poverty risks than previous cohorts. The relative decline in
the value of the guaranteed minimum pension vis-à-vis the
real income growth of wage earners brings to the forefront
the issues of indexation of the guarantee and the ceiling on
the means-tested housing benefits like the basic safety net
for pensioners. |
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