Eliciting Individual Preferences for Pension Reform
AbstractPension systems have recently been under scrutiny because of the expected population ageing threatening its sustainability. This paper’s contribution to the debate is from a political economic perspective as it uses data from a choice experiment to investigate individual preferences for an alternative state pension scheme based around preferences for cost, poverty, retirement age and pension parameters. Answers are used to estimate a life-cycle utility model of preferences towards pensions’ parameters. Results suggest that individuals’ value orientation is an important determinant of their preferences. Respondents’ income determines which degree of redistribution is preferred. However, preferences according to age are in contradiction with what is suggested in theory
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Bibliographic InfoPaper provided by National University of Ireland Galway, Department of Economics in its series Working Papers with number 0150.
Length: 31 pages
Date of creation: 2009
Date of revision: 2009
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Population ageing; pension system reform; redistribution; stated preferences Algorithmic Trading; MACD;
Other versions of this item:
- Yosr Abid Fourati & Cathal O'Donoghue, 2009. "Eliciting Individual Preferences for Pension Reform," CESifo Working Paper Series 2770, CESifo Group Munich.
- Abid Fourati, Yosr & O'Donoghue, Cathal, 2009. "Eliciting Individual Preferences for Pension Reform," IZA Discussion Papers 4479, Institute for the Study of Labor (IZA).
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