The Valuation and Redistribution Effect of the Korea National Pension

スポンサーリンク

概要

• 論文の詳細を見る

• This paper evaluates the Korea National Pension (KNP) and investigates its redistribution effects. The educational level is used as a proxy for mortality and various socioeconomic factors are considered. The financial and utility-based analyses reveal strong progressive redistribution with income level. Also, the utility-based analysis indicates significant progressive redistribution with non-pension asset level but no significant redistribution with the educational level. Generally, the KNP is extremely valuable and its value seems higher with a pre-existing private annuity especially for the poor. Finally, when people are assumed to spend at least the minimum consumption level, it becomes more beneficial.

著者

• Yuh Yoonkyung

  Ewha Womans University

• Yang Jaehwan

  University of Seoul

関連論文

• The Valuation and Redistribution Effect of the Korea National Pension

スポンサーリンク