The effects on intra‐generational inequality of introducing a funded pension scheme: A microsimulation analysis for Estonia
This article written by Andres Võrk and Magnus Piirits uses a single male cohort microsimulation model to analyse the intra‐generational and distributional effects of a shift in Estonia from a defined benefit pay‐as‐you‐go (PAYG) pension system to a multi‐pillared system with a PAYG scheme with contribution‐based insurance components and a funded pension scheme.