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Pension reform preferences in Germany: Does information matter?

Author

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  • Schuetz, Jana
  • Uebelmesser, Silke
  • Baginski, Ronja
  • Aprea, Carmela

Abstract

Demographic change has an impact on pay-as-you-go pension systems. To maintain their financial sustainability, reforms are necessary, but often lack public support. Using representative survey data from Germany, we conduct a survey experiment to investigate whether salience or information about demographic change increases preferences for reforms in general and for specific reform measures. We find that salience and information provision increase the perceived necessity for reforms. Furthermore, salience increases preferences for raising the retirement age over other reform measures, while information provision reduces preferences for tax subsidies. In addition, we highlight the impact of prior beliefs on the treatment effects. As the salience and information treatments hardly differ, we conclude that it is not so much the information about the demographic change, which matters. Rather, being made aware of the challenges facing the pension system affects reform preferences.

Suggested Citation

  • Schuetz, Jana & Uebelmesser, Silke & Baginski, Ronja & Aprea, Carmela, 2023. "Pension reform preferences in Germany: Does information matter?," European Journal of Political Economy, Elsevier, vol. 80(C).
    • Handle: RePEc:eee:poleco:v:80:y:2023:i:c:s0176268023001209
    DOI: 10.1016/j.ejpoleco.2023.102476
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    Cited by:

    1. Elisa Stumpf & Jana Schuetz & Silke Uebelmesser & Ronja Baginski & Carmela Aprea, 2024. "Beliefs about demographic change: How well are individuals informed?," Jena Economics Research Papers 2024-003, Friedrich-Schiller-University Jena.

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    More about this item

    Keywords

    Pension reform preference; Survey experiment; Demographic change; Information provision;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General

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