The Experts below are selected from a list of 72 Experts worldwide ranked by ideXlab platform

Frank Vandenbroucke - One of the best experts on this subject based on the ideXlab platform.

  • towards an equitable and sustainable points system a proposal for pension reform in belgium
    Journal of Pension Economics & Finance, 2020
    Co-Authors: Erik Schokkaert, Pierre Devolder, Jean Hindriks, Frank Vandenbroucke
    Abstract:

    We describe the points system as proposed by the Belgian Commission for Pension Reform 2020–2040. Intragenerational Equity can be realised through the allocation of points within a cohort. The intergenerational distribution is determined by fixing the value of a point for the newly retired and a sustainability parameter for the actual retirees. The value of the point links pensions to the average living standard of the employed population. We propose an automatic adjustment mechanism, in which a key role is played by the career length. This mechanism induces a balanced distribution of the burden of demographic and economic shocks over the different cohorts.

  • towards an equitable and sustainable points system a proposal for pension reform in belgium
    Social Science Research Network, 2017
    Co-Authors: Erik Schokkaert, Pierre Devolder, Jean Hindriks, Frank Vandenbroucke
    Abstract:

    We describe the points system that has been proposed by the Belgian Commission for Pension Reform 2020-2040. Intragenerational Equity can be realised in a flexible and transparent way through the allocation of points within a cohort. The intergenerational distribution is determined by fixing the value of a point for the newly retired and a sustainability parameter for the actual retirees. The value of the point links future pensions to the future average living standard of the population in employment. This implies that credible promises can be made to the younger contributing generations. To keep the system economically sustainable, we propose an automatic adjustment mechanism, in which a key role is played by the career length. This adjustment mechanism implements the Musgrave rule by stating that the ratio of pensions over labour earnings net of pension contributions should remain constant. This induces a balanced distribution of the burden of demographic and economic shocks over the different cohorts and can be seen as a transparent mechanism of intergenerational risk sharing.

David Okrent - One of the best experts on this subject based on the ideXlab platform.

  • On Intergenerational Equity and Its Clash with Intragenerational Equity and on the Need for Policies to Guide the Regulation of Disposal of Wastes and Other Activities Posing Very Long-Term Risks
    Risk Analysis, 1999
    Co-Authors: David Okrent
    Abstract:

    This article begins with some history of the derivation of 40 CFR Part 191, the U.S. Environmental Protection Agency (EPA) standard that governs the geologic disposal of spent nuclear fuel and high-level and transuranic radioactive wastes. This is followed by criticisms of the standard that were made by a Sub-Committee of the EPA Science Advisory Board, by the staff of the U.S. Nuclear Regulatory Commission, and by a panel of the National Academies of Science and Engineering. The large disparity in the EPA approaches to regulation of disposal of radioactive wastes and disposal of hazardous, long-lived, nonradioactive chemical waste is illustrated. An examination of the intertwined matters of intergenerational Equity and the discounting of future health effects follows, together with a discussion of the conflict between intergenerational Equity and Intragenerational Equity. Finally, issues related to assumptions in the regulations concerning the future state of society and the biosphere are treated, as is the absence of any national philosophy or guiding policy for how to deal with societal activities that pose very long-term risks.

Erik Schokkaert - One of the best experts on this subject based on the ideXlab platform.

  • towards an equitable and sustainable points system a proposal for pension reform in belgium
    Journal of Pension Economics & Finance, 2020
    Co-Authors: Erik Schokkaert, Pierre Devolder, Jean Hindriks, Frank Vandenbroucke
    Abstract:

    We describe the points system as proposed by the Belgian Commission for Pension Reform 2020–2040. Intragenerational Equity can be realised through the allocation of points within a cohort. The intergenerational distribution is determined by fixing the value of a point for the newly retired and a sustainability parameter for the actual retirees. The value of the point links pensions to the average living standard of the employed population. We propose an automatic adjustment mechanism, in which a key role is played by the career length. This mechanism induces a balanced distribution of the burden of demographic and economic shocks over the different cohorts.

  • towards an equitable and sustainable points system a proposal for pension reform in belgium
    Social Science Research Network, 2017
    Co-Authors: Erik Schokkaert, Pierre Devolder, Jean Hindriks, Frank Vandenbroucke
    Abstract:

    We describe the points system that has been proposed by the Belgian Commission for Pension Reform 2020-2040. Intragenerational Equity can be realised in a flexible and transparent way through the allocation of points within a cohort. The intergenerational distribution is determined by fixing the value of a point for the newly retired and a sustainability parameter for the actual retirees. The value of the point links future pensions to the future average living standard of the population in employment. This implies that credible promises can be made to the younger contributing generations. To keep the system economically sustainable, we propose an automatic adjustment mechanism, in which a key role is played by the career length. This adjustment mechanism implements the Musgrave rule by stating that the ratio of pensions over labour earnings net of pension contributions should remain constant. This induces a balanced distribution of the burden of demographic and economic shocks over the different cohorts and can be seen as a transparent mechanism of intergenerational risk sharing.

Jean Hindriks - One of the best experts on this subject based on the ideXlab platform.

  • towards an equitable and sustainable points system a proposal for pension reform in belgium
    Journal of Pension Economics & Finance, 2020
    Co-Authors: Erik Schokkaert, Pierre Devolder, Jean Hindriks, Frank Vandenbroucke
    Abstract:

    We describe the points system as proposed by the Belgian Commission for Pension Reform 2020–2040. Intragenerational Equity can be realised through the allocation of points within a cohort. The intergenerational distribution is determined by fixing the value of a point for the newly retired and a sustainability parameter for the actual retirees. The value of the point links pensions to the average living standard of the employed population. We propose an automatic adjustment mechanism, in which a key role is played by the career length. This mechanism induces a balanced distribution of the burden of demographic and economic shocks over the different cohorts.

  • towards an equitable and sustainable points system a proposal for pension reform in belgium
    Social Science Research Network, 2017
    Co-Authors: Erik Schokkaert, Pierre Devolder, Jean Hindriks, Frank Vandenbroucke
    Abstract:

    We describe the points system that has been proposed by the Belgian Commission for Pension Reform 2020-2040. Intragenerational Equity can be realised in a flexible and transparent way through the allocation of points within a cohort. The intergenerational distribution is determined by fixing the value of a point for the newly retired and a sustainability parameter for the actual retirees. The value of the point links future pensions to the future average living standard of the population in employment. This implies that credible promises can be made to the younger contributing generations. To keep the system economically sustainable, we propose an automatic adjustment mechanism, in which a key role is played by the career length. This adjustment mechanism implements the Musgrave rule by stating that the ratio of pensions over labour earnings net of pension contributions should remain constant. This induces a balanced distribution of the burden of demographic and economic shocks over the different cohorts and can be seen as a transparent mechanism of intergenerational risk sharing.

Pierre Devolder - One of the best experts on this subject based on the ideXlab platform.

  • towards an equitable and sustainable points system a proposal for pension reform in belgium
    Journal of Pension Economics & Finance, 2020
    Co-Authors: Erik Schokkaert, Pierre Devolder, Jean Hindriks, Frank Vandenbroucke
    Abstract:

    We describe the points system as proposed by the Belgian Commission for Pension Reform 2020–2040. Intragenerational Equity can be realised through the allocation of points within a cohort. The intergenerational distribution is determined by fixing the value of a point for the newly retired and a sustainability parameter for the actual retirees. The value of the point links pensions to the average living standard of the employed population. We propose an automatic adjustment mechanism, in which a key role is played by the career length. This mechanism induces a balanced distribution of the burden of demographic and economic shocks over the different cohorts.

  • towards an equitable and sustainable points system a proposal for pension reform in belgium
    Social Science Research Network, 2017
    Co-Authors: Erik Schokkaert, Pierre Devolder, Jean Hindriks, Frank Vandenbroucke
    Abstract:

    We describe the points system that has been proposed by the Belgian Commission for Pension Reform 2020-2040. Intragenerational Equity can be realised in a flexible and transparent way through the allocation of points within a cohort. The intergenerational distribution is determined by fixing the value of a point for the newly retired and a sustainability parameter for the actual retirees. The value of the point links future pensions to the future average living standard of the population in employment. This implies that credible promises can be made to the younger contributing generations. To keep the system economically sustainable, we propose an automatic adjustment mechanism, in which a key role is played by the career length. This adjustment mechanism implements the Musgrave rule by stating that the ratio of pensions over labour earnings net of pension contributions should remain constant. This induces a balanced distribution of the burden of demographic and economic shocks over the different cohorts and can be seen as a transparent mechanism of intergenerational risk sharing.