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The Norwegian NDC Scheme: Balancing Risk Sharing and Redistribution

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dc.contributor.author Stolen, Nils Martin
dc.contributor.author Fredriksen, Dennis
dc.contributor.author Hernaes, Erik
dc.contributor.author Holmoy, Erling
dc.date.accessioned 2019-07-31T21:17:36Z
dc.date.available 2019-07-31T21:17:36Z
dc.date.issued 2019-07-31
dc.identifier.citation Stolen N. M., Fredriksen D., Hernaes E., Holmoy E. (2019), The Norwegian NDC Scheme: Balancing Risk Sharing and Redistribution, Roma, INAPP, WP, n. 16 <https://oa.inapp.org/xmlui/handle/20.500.12916/456> en_US
dc.identifier.uri https://oa.inapp.org/xmlui/handle/20.500.12916/456
dc.description.abstract The main goals of reforming the Norwegian old-age pension system toward nonfinancial defined contributions (NDC) in 2011 were to improve long-run fiscal sustainability and labor supply incentives. Maintaining much of the redistributive effects of the former public pension system was also an important concern. Econometric analyses reveal the 2011 reform’s significant effects on postponing retirement. Results from a dynamic microsimulation model show that the reform is expected to have substantial effects on old-age pension expenditures in the long run without any large negative distributional effects. Macroeconomic analyses indicate that the reform is likely to make a great fiscal impact in the long run, and higher employment plays an important role in this aspect. en_US
dc.language.iso en en_US
dc.publisher INAPP en_US
dc.subject Pensioni en_US
dc.subject Previdenza en_US
dc.title The Norwegian NDC Scheme: Balancing Risk Sharing and Redistribution en_US
dc.type Working Paper en_US
dc.type.relation Working Paper;

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