ignores its effects on wealth accumulation and inequality. This paper develops a simple life-cycle model that lays bare the … convert low-income people (often low savers) to asset owners, increasing net saving and reducing wealth disparities. These … pension system transition explains much of the recent decline in Danish wealth inequality …

A growing literature explores reasons for rising wealth inequality, but disregards the role of pension systems despite … their well-understood infiuence on life-cycle saving. In theory and according to available evidence, both pay … decrease in the former but increase under the latter system. Unlike most nations, Denmark has seen a decline in wealth …

A growing literature explores reasons for rising wealth inequality, but disregards the role of pension systems despite … their well-understood influence on life-cycle saving. In theory and according to available evidence, both pay … decrease in the former but increase under the latter system. Unlike most nations, Denmark has seen a decline in wealth …