000			01533nab a2200241 c 4500
999			_c149012 _d149012
003			ES-MaIEF
005			20240226122012.0
007			ta
008			240226t2024 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
245			_aRetirement consumption and pension design _c by Jonas Kolsrud, Camille Landais, Daniel Reck and Johannes Spinnewijn
500			_aResumen.
504			_aBibliografía.
520			_aThis paper analyzes consumption to evaluate the distributional effects of pension reforms. Using Swedish administrative data, we show that on average, workers who retire earlier consume less while retired and experience larger drops in consumption around retirement. Interpreted via a theoretical model, these findings imply that reforms incentivizing later retirement incur a substantial consumption smoothing cost. Turning to other features of pension policy, we find that reforms that redistribute based on early-career labor supply would have opposite-signed redistributive effects, while differentiating on wealth may help to target pension benefits toward those who are vulnerable to larger drops in consumption around retirement.
650		4	_947536 _aJUBILADOS
650		4	_940658 _aCONSUMO
650		4	_911220 _aPENSIONES DE JUBILACIÓN
650			_aIMPUESTOS _947460
650		4	_948261 _aRENTA FAMILIAR
700	1		_971463 _aKolsrud, Jonas
773	0		_9171291 _oOP 234/2024/1 _tThe American Economic Review _w(IEF)103372 _x 0002-8282 _g v. 114, n. 1, January 2024, p. 89-133
942			_cART