CEU Electronic Theses and Dissertations, 2025
| Author | Karnaukh, Mariia |
|---|---|
| Title | Swedish Pension Reform of 1999 |
| Summary | This thesis studies the Swedish pension reform of 1999 on taxpayer pressure. It aims to bridge the gap in the literature by providing an empirical assessment of this reform. It starts by defining taxpayer pressure as the ratio of the average pension amount paid out per capita to the average amount contributed per capita and estimates the effect of the reform on it in two ways. First, by constructing of a counterfactual of the required contribution rate to maintain today’s level of payouts in the absence of reform. Second, by estimating an ordinary-least-squares regression of the taxpayer pressure on the lagged reform dummy and net migration. The main findings of this thesis are that the Swedish national AP funds, that were used to store excess contributions and buffer the system in times of need, were central to the policy’s success. Second, following the policy change, a higher taxpayer pressure is observed indicating that the success of the reform came partially at the cost of reducing the average pay-out in relation to the average pay-in. |
| Supervisor | Kaufmann, Marc |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2025/karnaukh_mariia.pdf |
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