{"id":"https://openalex.org/W4396609384","doi":"https://doi.org/10.1016/j.euroecorev.2024.104746","title":"Pension reform and wealth inequality: Theory and evidence","display_name":"Pension reform and wealth inequality: Theory and evidence","publication_year":2024,"publication_date":"2024-05-03","ids":{"openalex":"https://openalex.org/W4396609384","doi":"https://doi.org/10.1016/j.euroecorev.2024.104746"},"language":"en","primary_location":{"id":"doi:10.1016/j.euroecorev.2024.104746","doi":"https://doi.org/10.1016/j.euroecorev.2024.104746","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.euroecorev.2024.104746","pdf_url":null,"source":{"id":"https://openalex.org/S69338747","display_name":"European Economic Review","issn_l":"0014-2921","issn":["0014-2921","1873-572X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","jufo-2","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"European Economic Review","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://doi.org/10.1016/j.euroecorev.2024.104746","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5054228275","display_name":"Torben M. Andersen","orcid":"https://orcid.org/0000-0001-5513-1890","observed_orcids":["https://orcid.org/0000-0001-5513-1890"]},"institutions":[{"id":"https://openalex.org/I204337017","display_name":"Aarhus University","ror":"https://ror.org/01aj84f44","country_code":"DK","type":"education","lineage":["https://openalex.org/I204337017"]}],"countries":["DK"],"is_corresponding":false,"raw_author_name":"Torben M. Andersen","raw_affiliation_strings":["University of Aarhus, Denmark"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Aarhus, Denmark","institution_ids":["https://openalex.org/I204337017"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5076441799","display_name":"Joydeep Bhattacharya","orcid":"https://orcid.org/0000-0002-3148-4592","observed_orcids":["https://orcid.org/0000-0002-3148-4592","https://orcid.org/0000-0003-3443-9049"]},"institutions":[{"id":"https://openalex.org/I173911158","display_name":"Iowa State University","ror":"https://ror.org/04rswrd78","country_code":"US","type":"education","lineage":["https://openalex.org/I173911158"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Joydeep Bhattacharya","raw_affiliation_strings":["Iowa State University, United States of America"],"raw_orcid":"https://orcid.org/0000-0002-3148-4592","affiliations":[{"raw_affiliation_string":"Iowa State University, United States of America","institution_ids":["https://openalex.org/I173911158"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5075854843","display_name":"Anna Grodecka\u2010Messi","orcid":"https://orcid.org/0000-0002-3552-9241","observed_orcids":["https://orcid.org/0000-0002-3552-9241"]},"institutions":[{"id":"https://openalex.org/I1307248880","display_name":"Swedish National Bank","ror":"https://ror.org/01n28jn45","country_code":"SE","type":"other","lineage":["https://openalex.org/I1307248880"]}],"countries":["SE"],"is_corresponding":false,"raw_author_name":"Anna Grodecka-Messi","raw_affiliation_strings":["Sveriges Riksbank, Sweden"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Sveriges Riksbank, Sweden","institution_ids":["https://openalex.org/I1307248880"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5048402056","display_name":"Katja Mann","orcid":"https://orcid.org/0000-0002-4147-0821","observed_orcids":["https://orcid.org/0000-0002-4147-0821"]},"institutions":[{"id":"https://openalex.org/I180519160","display_name":"Copenhagen Business School","ror":"https://ror.org/04sppb023","country_code":"DK","type":"education","lineage":["https://openalex.org/I180519160"]}],"countries":["DK"],"is_corresponding":true,"raw_author_name":"Katja Mann","raw_affiliation_strings":["Copenhagen Business School, Denmark"],"raw_orcid":"https://orcid.org/0000-0002-4147-0821","affiliations":[{"raw_affiliation_string":"Copenhagen Business School, Denmark","institution_ids":["https://openalex.org/I180519160"]}]}],"institutions":[],"countries_distinct_count":3,"institutions_distinct_count":4,"corresponding_author_ids":["https://openalex.org/A5048402056"],"corresponding_institution_ids":["https://openalex.org/I180519160"],"apc_list":{"value":3170,"currency":"USD","value_usd":3170},"apc_paid":{"value":3170,"currency":"USD","value_usd":3170},"fwci":7.432,"has_fulltext":false,"cited_by_count":27,"citation_normalized_percentile":{"value":0.97396319,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":100},"biblio":{"volume":"165","issue":null,"first_page":"104746","last_page":"104746"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.8910999894142151,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.8910999894142151,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10446","display_name":"Income, Poverty, and Inequality","score":0.08869999647140503,"subfield":{"id":"https://openalex.org/subfields/3312","display_name":"Sociology and Political Science"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10443","display_name":"Social Policy and Reform Studies","score":0.005100000184029341,"subfield":{"id":"https://openalex.org/subfields/3320","display_name":"Political Science and International Relations"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/pension-reform","display_name":"pension reform","score":0.9980000257492065},{"id":"https://openalex.org/keywords/wealth-inequality","display_name":"wealth inequality","score":1.0},{"id":"https://openalex.org/keywords/life-cycle-saving","display_name":"life-cycle saving","score":0.8119999766349792},{"id":"https://openalex.org/keywords/asset-accumulation","display_name":"asset accumulation","score":0.6959999799728394},{"id":"https://openalex.org/keywords/pay-as-you-go-pension-system","display_name":"pay-as-you-go pensions","score":0.75},{"id":"https://openalex.org/keywords/wealth-distribution","display_name":"wealth distribution","score":0.7919999957084656},{"id":"https://openalex.org/keywords/life-cycle-model","display_name":"life-cycle model","score":0.6539999842643738}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.8053504228591919},{"id":"https://openalex.org/C2780899237","wikidata":"https://www.wikidata.org/wiki/Q156223","display_name":"Pension","level":2,"score":0.801551103591919},{"id":"https://openalex.org/C45555294","wikidata":"https://www.wikidata.org/wiki/Q28113351","display_name":"Inequality","level":2,"score":0.7638749480247498},{"id":"https://openalex.org/C76178495","wikidata":"https://www.wikidata.org/wiki/Q4808784","display_name":"Asset (computer security)","level":2,"score":0.674720823764801},{"id":"https://openalex.org/C2992390665","wikidata":"https://www.wikidata.org/wiki/Q1415386","display_name":"Wealth distribution","level":3,"score":0.6204487085342407},{"id":"https://openalex.org/C61570092","wikidata":"https://www.wikidata.org/wiki/Q15074930","display_name":"Life-cycle hypothesis","level":2,"score":0.6020179390907288},{"id":"https://openalex.org/C110121322","wikidata":"https://www.wikidata.org/wiki/Q865811","display_name":"Distribution (mathematics)","level":2,"score":0.570646345615387},{"id":"https://openalex.org/C67829756","wikidata":"https://www.wikidata.org/wiki/Q1186690","display_name":"National wealth","level":2,"score":0.4727678596973419},{"id":"https://openalex.org/C164622146","wikidata":"https://www.wikidata.org/wiki/Q9035","display_name":"Danish","level":2,"score":0.4585753083229065},{"id":"https://openalex.org/C145236788","wikidata":"https://www.wikidata.org/wiki/Q28161","display_name":"Labour economics","level":1,"score":0.417502224445343},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.32332712411880493},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.14348113536834717},{"id":"https://openalex.org/C134306372","wikidata":"https://www.wikidata.org/wiki/Q7754","display_name":"Mathematical analysis","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C41895202","wikidata":"https://www.wikidata.org/wiki/Q8162","display_name":"Linguistics","level":1,"score":0.0}],"mesh":[],"locations_count":7,"locations":[{"id":"doi:10.1016/j.euroecorev.2024.104746","doi":"https://doi.org/10.1016/j.euroecorev.2024.104746","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.euroecorev.2024.104746","pdf_url":null,"source":{"id":"https://openalex.org/S69338747","display_name":"European Economic Review","issn_l":"0014-2921","issn":["0014-2921","1873-572X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","jufo-2","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"European Economic Review","raw_type":"journal-article"},{"id":"pmh:oai:pure.atira.dk:openaire/58a55890-5f65-4bb5-bd88-7ae9b01d2685","doi":null,"is_oa":true,"landing_page_url":"https://pure.au.dk/portal/en/publications/58a55890-5f65-4bb5-bd88-7ae9b01d2685","pdf_url":null,"source":null,"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Andersen, T M, Bhattacharya, J, Grodecka-Messi, A & Mann, K 2024, 'Pension reform and wealth inequality : Theory and evidence', European Economic Review, vol. 165, 104746. https://doi.org/10.1016/j.euroecorev.2024.104746","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:research-api.cbs.dk:openaire/e67cd6dd-6d23-4477-a982-1da54f375ce2","doi":null,"is_oa":true,"landing_page_url":"https://research.cbs.dk/en/publications/e67cd6dd-6d23-4477-a982-1da54f375ce2","pdf_url":null,"source":{"id":"https://openalex.org/S4306401458","display_name":"CBS Research Portal (Copenhagen Business School)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I180519160","host_organization_name":"Copenhagen Business School","host_organization_lineage":["https://openalex.org/I180519160"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Andersen, T M, Bhattacharya, J, Grodecka-Messi, A & Mann, K 2024, 'Pension Reform and Wealth Inequality : Theory and Evidence', European Economic Review, vol. 165, 104746. https://doi.org/10.1016/j.euroecorev.2024.104746","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:RePEc:isu:genstf:202409061340040000","doi":null,"is_oa":false,"landing_page_url":"https://dr.lib.iastate.edu/server/api/core/bitstreams/f3d5d1d3-df18-4b3b-8cca-23c1efce3487/content","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:dr.lib.iastate.edu:20.500.12876/Ewpa0e5v","doi":null,"is_oa":false,"landing_page_url":"https://dr.lib.iastate.edu/handle/20.500.12876/Ewpa0e5v","pdf_url":null,"source":{"id":"https://openalex.org/S4377196104","display_name":"Iowa State University Digital Repository (Iowa State University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I173911158","host_organization_name":"Iowa State University","host_organization_lineage":["https://openalex.org/I173911158"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"working paper"},{"id":"pmh:oai:dr.lib.iastate.edu:20.500.12876/EzR26lJz","doi":null,"is_oa":true,"landing_page_url":"https://dr.lib.iastate.edu/handle/20.500.12876/EzR26lJz","pdf_url":null,"source":{"id":"https://openalex.org/S4377196104","display_name":"Iowa State University Digital Repository (Iowa State University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I173911158","host_organization_name":"Iowa State University","host_organization_lineage":["https://openalex.org/I173911158"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"https://doi.org/10.1016/j.euroecorev.2024.104746","raw_type":"article"},{"id":"pmh:oai:RePEc:eee:eecrev:v:165:y:2024:i:c:s0014292124000758","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S0014292124000758","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"doi:10.1016/j.euroecorev.2024.104746","doi":"https://doi.org/10.1016/j.euroecorev.2024.104746","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.euroecorev.2024.104746","pdf_url":null,"source":{"id":"https://openalex.org/S69338747","display_name":"European Economic Review","issn_l":"0014-2921","issn":["0014-2921","1873-572X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","jufo-2","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"European Economic Review","raw_type":"journal-article"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/10","score":0.9629999995231628,"display_name":"Reduced inequalities"},{"id":"https://metadata.un.org/sdg/1","score":0.666700005531311,"display_name":"No poverty"}],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320327343","display_name":"Rockwool Fonden","ror":"https://ror.org/00c1h4g48"}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":54,"referenced_works":["https://openalex.org/W1532170681","https://openalex.org/W1547323501","https://openalex.org/W1908168104","https://openalex.org/W1967895761","https://openalex.org/W1973291315","https://openalex.org/W1978100419","https://openalex.org/W1980112044","https://openalex.org/W1997534136","https://openalex.org/W2014945578","https://openalex.org/W2030809064","https://openalex.org/W2051031123","https://openalex.org/W2053699978","https://openalex.org/W2076306791","https://openalex.org/W2081308191","https://openalex.org/W2097685531","https://openalex.org/W2105835963","https://openalex.org/W2132416457","https://openalex.org/W2138148571","https://openalex.org/W2141430131","https://openalex.org/W2143367272","https://openalex.org/W2152016387","https://openalex.org/W2155379226","https://openalex.org/W2161171370","https://openalex.org/W2165613656","https://openalex.org/W2236924981","https://openalex.org/W2238585406","https://openalex.org/W2587544920","https://openalex.org/W2587994058","https://openalex.org/W2593544314","https://openalex.org/W2907468105","https://openalex.org/W2978328895","https://openalex.org/W3014661183","https://openalex.org/W3022071198","https://openalex.org/W3023179841","https://openalex.org/W3083873527","https://openalex.org/W3121264657","https://openalex.org/W3121468327","https://openalex.org/W3121974814","https://openalex.org/W3122978959","https://openalex.org/W3123043261","https://openalex.org/W3123417682","https://openalex.org/W3123665686","https://openalex.org/W3124025341","https://openalex.org/W3124460636","https://openalex.org/W3124988346","https://openalex.org/W3125081309","https://openalex.org/W3125207938","https://openalex.org/W3155447256","https://openalex.org/W4225539029","https://openalex.org/W4254125913","https://openalex.org/W4293755167","https://openalex.org/W4400155831","https://openalex.org/W4409276943","https://openalex.org/W7117560984"],"related_works":["https://openalex.org/W4225539029","https://openalex.org/W4319072345","https://openalex.org/W1831139882","https://openalex.org/W7096307366","https://openalex.org/W7212391081","https://openalex.org/W4200094019","https://openalex.org/W4401505010","https://openalex.org/W7096180783","https://openalex.org/W3124827410","https://openalex.org/W7096902635"],"abstract_inverted_index":{"A":[0],"growing":[1],"literature":[2],"explores":[3,87],"reasons":[4],"for":[5],"rising":[6],"wealth":[7,47,72,98,127],"inequality,":[8],"but":[9],"is":[10],"mostly":[11],"silent":[12],"on":[13,23],"the":[14,36,46,79,85,101,113,123],"role":[15],"of":[16,82],"pension":[17,41,89,115],"systems":[18],"despite":[19],"their":[20],"well-understood":[21],"influence":[22],"life-cycle":[24,31,107],"savings.":[25],"This":[26],"paper":[27,86],"develops":[28],"a":[29,69,88,93,105,119],"simple":[30],"model":[32,108],"to":[33],"lay":[34],"bare":[35],"primary":[37],"theoretical":[38],"mechanisms":[39],"connecting":[40],"systems,":[42],"asset":[43,63],"accumulation,":[44],"and":[45,65],"distribution.":[48],"Mandated":[49],"fully-funded":[50],"plans":[51],"transform":[52],"individuals":[53],"with":[54],"lower":[55],"incomes,":[56],"often":[57],"characterized":[58],"as":[59,118],"low":[60],"savers,":[61],"into":[62],"owners,":[64],"may":[66],"also":[67],"imply":[68],"more":[70],"equal":[71],"distribution":[73],"than":[74],"pay-as-you-go-based":[75],"systems.":[76],"To":[77],"test":[78],"empirical":[80],"validity":[81],"these":[83],"predictions,":[84],"reform":[90,116],"in":[91,126],"Denmark,":[92],"country":[94],"that":[95],"witnessed":[96],"declining":[97],"inequality":[99],"over":[100],"last":[102],"decades.":[103],"In":[104],"calibrated":[106],"employing":[109],"unique":[110],"register":[111],"data,":[112],"Danish":[114],"emerges":[117],"key":[120],"factor":[121],"explaining":[122],"downward":[124],"trend":[125],"inequality.":[128]},"counts_by_year":[{"year":2026,"cited_by_count":4},{"year":2025,"cited_by_count":22},{"year":2024,"cited_by_count":1}],"updated_date":"2026-11-10T11:39:43.021295","created_date":"2024-05-04T00:00:00"}
