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Staff
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Denisa Maria Sologon |
Position: ESPP Fellow
Email address: denisa.sologon@governance.unimaas.nl
Educational background
July 2005 MSc International Master in Social Policy Analysis CEPS/INSTEAD, Luxembourg and KU Leuven, Belgium
July 2004 BA Financial Economics Transilvania University of Brasov, Romania
Research interest:
The purpose of the thesis is to analyse and evaluate the redistributive mechanism incorporated in the Luxembourg General Pension Scheme and its impact on the income inequality prevailing among the current generation of retirees.
The general hypothesis of the present study is based on the egalitarian argument in favour of social protection, which links the redistributive mechanism of the public pension system with the outcome of reducing the degree of inequality in retirement. The analysis consists of two parts. One is focused on analysing redistribution effects of the pension system, whereas the other studies the inequalities prevailing among the current generation of retirees in Luxembourg. Hypothesis1: The general pension system is expected to redistribute more in favour of some population subgroups. Hypothesis 2: The pension system is expected to adjust the inequalities triggered by the labour market.
For studying the redistributive effects, I will analyse the relationship between the replacement rates and lifetime income. For illustrating the complex mechanism of redistribution incorporated in the pension system I will apply Structural equation Modelling. I will use the LifePaths Microsimulation Model to determine the impact of different individual decisions on the pension replacement rates. The 'lifepath' provides information on how much people pay in and how much they get out of the pension system. We have to take into account that longevity is income correlated: the prospective longevity is higher among high-income people than among lowincome ones. It might turn out that the system is regressive in terms of redistribution: who lives more benefits more from the pension system, so the redistribution goes towards the rich. For studying income inequality in retirement I will use the decomposition techniques by source of income and sub-groups and DAD software for distributional analysis. I will try to simulate the impact of different pension reforms on the income inequality in retirement by using EUROMOD. (Data: Anonymous social security micro-data from Luxembourg).
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