平滑消费
消费(社会学)
经济
退休金
劳动经济学
养老金制度
宏观经济学
失业
财务
社会科学
社会学
作者
Jonas Kolsrud,Camille Landais,Daniel Reck,Johannes Spinnewijn
摘要
This paper analyzes consumption to evaluate the distributional effects of pension reforms. Using Swedish administrative data, we show that on average, workers who retire earlier consume less while retired and experience larger drops in consumption around retirement. Interpreted via a theoretical model, these findings imply that reforms incentivizing later retirement incur a substantial consumption smoothing cost. Turning to other features of pension policy, we find that reforms that redistribute based on early-career labor supply would have opposite-signed redistributive effects, while differentiating on wealth may help to target pension benefits toward those who are vulnerable to larger drops in consumption around retirement. (JEL E21, G51, H23, H55, J22, J26)
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