Pension Systems Matter for Wealth Accumulation and Distribution

Katja Mann, Joydeep Bhattacharya, Anna Grodecka-Messi, Torben M. Andersen

Publikation: AndetUdgivelser på nettet - Net-publikationFormidling


Retirement saving is at the centre of the debate on rising income and wealth inequality. This column studies the role of the pension system in wealth accumulation and distribution in Denmark. The authors find that a pension reform in the late 1980s increased the savings rate and aggregate pension assets significantly by introducing mandated funded pensions. Moreover, it has had an equalising effect on the wealth distribution. The findings illustrate the importance of pension system design for the level and distribution of wealth.
Publikationsdato5 maj 2022
UdgiverCentre for Economic Policy Research
StatusUdgivet - 5 maj 2022