English, Article, Journal or magazine article edition: Macroeconomic effects of proposed pension reforms in Norway Dennis Fredriksen; Kim Massey Heide; Erling Holmøy and Ingeborg Foldøy Solli

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/41160
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Macroeconomic effects of proposed pension reforms in Norway
Author
  • Dennis Fredriksen
  • Kim Massey Heide
  • Erling Holmøy and Ingeborg Foldøy Solli
Physical Description
  • preprint
Notes
  • Ageing combined with generous welfare state schemes makes the present fiscal policy in Norway unsustainable, despite large government petroleum revenues. We estimate to what extent two suggested reforms of the public pension system improve fiscal sustainability and stimulate employment, two main objectives of the reforms. To this end we apply two large models iteratively: 1) a detailed dynamic micro simulation model to estimate government pension expenditures; 2) a large CGE-model to estimate general equilibrium effects on all tax bases and employment, i.e. macroeconomic effects. We find that the reform proposals have much larger effects than typically found for reforms of the tax and trade policy. Whereas maintaining the present system implies that the payroll tax rate must be increased from about 13 percent today to 25 percent in 2050, both proposals imply that taxes can be reduced from the present level in all years up to 2050. Most of this reduction can be attributed to higher employment.
  • Population ageing; Fiscal sustainability; Pension reforms; Computable general equilibrium model; Dynamic micro simulation
  • RePEc:ssb:dispap:417
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment