We analyze the consumption and wealth inequality in an OLG model with mandatory pension systems. Our framework features … in TFP growth. We show four main results. First, increasing longevity translates to substantial increases in aggregate … consumption inequality and wealth inequality. Second, a pension system reform from a defined benefit to a defined contribution …

's poorest but rapidly rising region. We find that under plausible assumptions on consumption growth and redistribution …, eliminating poverty by 2030 is out of the region's reach. Even under our 'best case' scenario of accelerated growth and … agenda. Policies need to focus on mutually reinforcing objectives of making growth stronger, resilient to shocks, and …

producing human capital. We also demonstrate that this attenuation effect tends to concentrate generational consumption risk … into an i.i.d. generational consumption shock. In other words, each generation bears all of the risk associated with their …

's poorest but rapidly rising region. We find that under plausible assumptions on consumption growth and redistribution …, eliminating poverty by 2030 is out of the region's reach. Even under our 'best case' scenario of accelerated growth and … agenda. Policies need to focus on mutually reinforcing objectives of making growth stronger, resilient to shocks, and …