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| Author: | Nelissen, J. H. M. |
| Title: | Annual versus lifetime income redistribution by social security |
| Journal: | Journal of Public Economics
1998 : MAY, VOL. 68:2, p. 223-249 |
| Index terms: | SOCIAL SECURITY SIMULATION INCOME DISTRIBUTION INSURANCE NETHERLANDS |
| Language: | eng |
| Abstract: | In the study, the redistributive impact of the Dutch social security on an annual basis is compared with the lifetime redistributive impact. The analysis confirms the theoretical notion that the lifetime impact is smaller than the annual incidence studies suggest. This holds especially for old-age pensions and social assistance and, to a lesser extent, the disability state pension. It is also found that, for the Netherlands, the younger the cohort is, the larger the difference. Employee insurances do not, however, necessarily imply a smaller redistributive impact on a lifetime basis. Naturally, the results are affected by the discount rate used and the assumptions with respect to economic growth. The discount rate generally appears to be negatively correlated with the redistributive impact, whereas the effect of growth is less straightforward. |
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