Public Wage and Pension Indexation in the Euro Area: An Overview

Checherita‐Westphal, Cristina; Semeano, João Domingues; Ahonen, Elena; Stinglhamber, P.; Parys, Stefan Van; Clemens, Johannes; Urke, Katri; Soosaar, Orsolya; Vergou, Maria; Flevotomou, Maria; Staunton, David; Martínez-Pagés, Jorge; Avgousti, Aris; Zelionkaite, Gintare; Delobbe, Olivier; Henne, Florian U.; Brusbārde, Baiba; Farrugia, John; Attard, Juergen; Renzi, Fabrizio; Savegnago, Marco; Prammer, Doris; Reiss, Lukas; Eijsink, Gerard; Italianer, Jip; Campos, Maria Manuel; Kastelec, Andreja Strojan; Palášthyová, Barbora; Pisca, Vratislav; Kivistö, Jarkko

doi:10.2139/ssrn.4181075

SSRN Journal

2022

DOI: 10.2139/ssrn.4181075

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Public Wage and Pension Indexation in the Euro Area: An Overview

Cristina Checherita‐Westphal

João Domingues Semeano²,

Elena Ahonen³

et al.

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“…Finally, in Malta the inflation adjustment is paid out as a fixed Euro amount for all workers, regardless of the income level. Indexation for minimum wages, either to price inflation or to evolutions in average wages (e.g., the Netherlands) is generally more common (see Checherita-Westphal, 2022, andECB, 2021).…”

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Luxembourg

2023

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2023

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The distributional implications of pension benefit indexation

Andersen,

Jørgensen

2024

Scandinavian J Economics

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Socio‐economic differences in longevity have fuelled a debate on whether pension systems have a regressive bias favouring groups with a high life expectancy. We show that the distributional implications of such pooling depend critically on the benefit profile across age/time, which in turn is determined by how benefits are indexed to prices and wages. Choosing an indexation scheme involves a choice between a low initial benefit with an increasing profile and a high initial benefit with a flat/decreasing profile, where the former benefits groups with a high life expectancy, and vice versa. We analyse how indexation affects the trade‐off between insurance and distribution when groups with different mortality are separated or pooled, and the optimal benefit profile under both standard preferences and temporal risk aversion with respect to the length of life.

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Public Wage and Pension Indexation in the Euro Area: An Overview

Cited by 2 publications

References 10 publications

Luxembourg

Luxembourg

The distributional implications of pension benefit indexation

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