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Fiscal effects of the Norwegian pension reform – A micro–macro assessment

Fredriksen, Dennis; Holmøy, Erling; Strøm, Birger; Stølen, Nils Martin
Journal article, Peer reviewed
Accepted version
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URI
http://hdl.handle.net/11250/2584434
Date
2019
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  • Artikler / Journal articles [373]
Original version
Fredriksen, D., Holmoy, E., Strom, B., & Stolen, N. M. (2019). Fiscal effects of the Norwegian pension reform - A micro-macro assessment. Journal of Pension Economics & Finance, 18(1), 88-123. doi:10.1017/s1474747217000361   https://doi.org/10.1017/S1474747217000361
Abstract
The main goal of the Norwegian pension reform of 2011 is to improve long run fiscal sustainability, not least through stronger labour supply incentives. We assess to what extent the reform is likely to live up to these intentions. To this end we combine a dynamic microsimulation model, which includes a complete description of the Norwegian population and the pension system, with CGE-modelling of the effects on all government revenues and expenditures. We find that the reform is likely to make a great fiscal impact in the long run, and higher employment plays an important role in this respect.
Description
Published online: 11. October 2017
Publisher
Cambridge University Press
Journal
Journal of Pension Economics & Finance
Copyright
Copyright: © Cambridge University Press 2017

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