References of "Tarantchenko, Ekaterina"
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See detailSocial Security, Implicit Debt And Inequality : Learning From The Belgian Experience
Flawinne, Xavier ULg; Maréchal, Claire; Perelman, Sergio ULg et al

in Revue Belge de Sécurité Sociale (2013)

Public pension schemes based on the pay-as-you-go principle are unfunded, by construction. In other words, present and future pensioners rely on the promises made by Social Security institutions for the ... [more ▼]

Public pension schemes based on the pay-as-you-go principle are unfunded, by construction. In other words, present and future pensioners rely on the promises made by Social Security institutions for the payment of their pensions. This commitment, basically described by a series of rules defining eligibility conditions, benefits computation and pension contributions, is not reported in national account. Neither as part of the public debt to which in fact they belong. In this paper, we estimate the burden of this implicit debt for Belgium using a representative sample with detailed administrative micro-data from pension record files. Moreover, for present and future pensioners the actuarial expected value of pensions is part of their personal wealth, aside from other assets, but is intangible. Feldstein (1974) introduced the concept of social security wealth (SSW) to describe this component of personal wealth, and showed how individuals’ behavior, mainly labor supply (retirement) and consumption (wealth accumulation), is potentially affected by pension entitlements. The way SSW is distributed among individuals in the Belgian population is another key issue addressed in this paper. [less ▲]

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See detailAccrued Pension Rights in Belgium: Micro-Simulations of Reforms
Jousten, Alain ULg; Perelman, Sergio ULg; Sigismondi, Fabio et al

Conference (2012, June 20)

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See detailAccrued Pension Rights in Belgium: Microsimulation of Reforms
Jousten, Alain ULg; Perelman, Sergio ULg; Tarantchenko, Ekaterina ULg et al

E-print/Working paper (2012)

Detailed reference viewed: 32 (10 ULg)
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See detailAccrued Pension Rights in Belgium: Micro-Simulation of Reforms
Jousten, Alain ULg; Perelman, Sergio ULg; Sigismondi, Fabio ULg et al

in International Journal of Microsimulation (2012), 5(2), 22-39

We simulate different reform scenarios of the Belgian pension system using a micro-simulation approach. Using a rich administrative dataset with extensive information on individual earnings histories, we ... [more ▼]

We simulate different reform scenarios of the Belgian pension system using a micro-simulation approach. Using a rich administrative dataset with extensive information on individual earnings histories, we evaluate the impact of the scenarios for the individuals as well as the system as a whole. Our main metric for these analysis is the notion of accrued to date pension rights, i.e. the pensions rights that would be due if the system were shut down today and all accrued rights under current legislation were honoured. Our analysis illustrates that partial reforms have limited effects, both in distributional and in fiscal terms. To achieve more substantial effects, a more comprehensive approach is needed. Regional differences within the country are mostly due to differences in regional GDP rather than the pension system itself. [less ▲]

Detailed reference viewed: 47 (10 ULg)