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- W2506885025 abstract "No AccessJun 2012Pension Reform in Norway: Combining an NDC Approach and Distributional GoalsAuthors/Editors: Arne Magnus Christensen, Dennis Fredriksen, Ole Christian Lien, Nils Martin StolenArne Magnus ChristensenSearch for more papers by this author, Dennis FredriksenSearch for more papers by this author, Ole Christian LienSearch for more papers by this author, Nils Martin StolenSearch for more papers by this authorhttps://doi.org/10.1596/9780821388488_CH04AboutView ChaptersPDF (0.6 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract:Reports that the important elements in the 2011 Norwegian pension reform included adjustment of pensions for changes in life expectancy, flexible retirement from age 62 based on actuarial neutrality, and new rules for indexation of pensions. In addition, a new model for accumulating pension entitlements will be introduced gradually for cohorts born after 1954 and fully for cohorts born after 1963. Future pension rights are based on an amount corresponding to 18.1 percent of earnings from work. Only quasi-NDC, this new scheme has no mechanism linking the final balance with the demographic and macroeconomic environment, leaving the government to cover shortfalls as necessary, and while the trade-off between working incentives and redistribution improved, the basic conflict still exists. Scholars argue that policy makers can only assume an increase in retirement age as a result the life expectancy adjustment, and the remaining uncertainty will continue to affect political discussions. Previous chapterNext chapter FiguresreferencesRecommendeddetailsCited byOlder workers imagining retirement: the collapse of agency, or freedom at last?Ageing and Society, Vol.42, No.1024 March 2021Regulating the retirement age—Lessons from Nordic pension policy approachesRegulation & Governance, Vol.246 June 2022Bidrar folketrygdens pensjonssystem til inntektsutjevning i et livsløpsperspektiv?Søkelys på arbeidslivet, Vol.39, No.1Sosial bærekraft i systemet for alderspensjonSøkelys på arbeidslivet, Vol.39, No.1Non-DC notional accounts: relaxing the trade-off between fairness and solvency of pay-as-you-go pension systemsJournal of Pension Economics and Finance, Vol.21, No.28 October 2020How Occupational Pensions Shape Extended Working Lives: Gender, Class and Chance after the Norwegian Pension ReformWork, Employment and Society, Vol.35, No.616 November 2020Notional Defined Contribution (NDC) Schemes: a pension system alternativeRevista Mexicana de Economía y Finanzas, Vol.16, No.218 January 2021The Italian NDC Scheme: Evolution and Remaining Potholes24 October 2019The ABCs of NDCs24 October 2019Fiscal effects of the Norwegian pension reform – A micro–macro assessmentJournal of Pension Economics and Finance, Vol.18, No.111 October 2017Trade unions and the politics of occupational pensions in Denmark and NorwayTransfer: European Review of Labour and Research, Vol.24, No.116 February 2018Pensjonssystemets bærekraft i Norge og StorbritanniaNorsk sosiologisk tidsskrift, Vol.2, No.1Fordelingsvirkninger av pensjonsreformenSøkelys på arbeidslivet, Vol.33, No.1-2To leave or not to leave: retirement intentions and retirement behaviourAgeing and Society, Vol.36, No.222 October 2014Does a simple information intervention change the perception of a reform?Applied Economics Letters, Vol.21, No.1826 June 2014 View Published: June 2012ISBN: 978-0-8213-8848-8e-ISBN: 978-0-8213-8852-5 Copyright & Permissions Related CountriesNorwayRelated TopicsFinance and Financial Sector DevelopmentGenderHealth Nutrition and PopulationPrivate Sector DevelopmentSocial Protections and Labor KeywordsADJUSTMENT OF BENEFITSAGE OF RETIREMENTDEFINED CONTRIBUTION PENSIONELDERLYLABOR FORCELABOR FORCE PARTICIPATIONLIFE EXPECTANCYLIFE EXPECTANCY AT RETIREMENTOLD-AGE PENSIONPENSIONPENSION ENTITLEMENTSPENSION EXPENDITUREPENSION INDEXATIONPENSION REFORMPENSION SCHEMEPENSION SCHEMESPENSION SYSTEMPENSIONERPENSIONERSPENSIONSREPLACEMENT RATESRETIREMENTSUPPLEMENTARY PENSIONSTAX RULES PDF DownloadLoading ..." @default.
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- W2506885025 title "Pension Reform in Norway: Combining an NDC Approach and Distributional Goals" @default.
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