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Beveridge Versus Bismarck Pension Systems: Considering Fertility Rates And Skill Distribution

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  • YOHEI SEKIGUCHI

    (Department of Policy Management, 1-1-1 Toyoda-cho, Kawagoe-shi, Saitama 350-1110, Japan)

  • MASATOSHI JINNO

    (Department of Policy Management, 1-1-1 Toyoda-cho, Kawagoe-shi, Saitama 350-1110, Japan)

Abstract

By considering the difference in both the fertility rate and the ratio of skilled to unskilled workers for natives and immigrants, this study analyzes the impact of an inflow of immigrants in the Bismarckian system and compares its findings with the Beveridgian system analyzed by Krieger (2004). We show that the inflow of migrants can improve the welfare of both the young and the old generations in the host country under the looser conditions that characterize the Bismarckian system compared with the Beveridgian system.

Suggested Citation

  • Yohei Sekiguchi & Masatoshi Jinno, 2018. "Beveridge Versus Bismarck Pension Systems: Considering Fertility Rates And Skill Distribution," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 63(05), pages 1141-1153, December.
  • Handle: RePEc:wsi:serxxx:v:63:y:2018:i:05:n:s0217590815500769
    DOI: 10.1142/S0217590815500769
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    References listed on IDEAS

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    1. Cremer, Helmuth & De Donder, Philippe & Maldonado, Dario & Pestieau, Pierre, 2007. "Voting over type and generosity of a pension system when some individuals are myopic," Journal of Public Economics, Elsevier, vol. 91(10), pages 2041-2061, November.
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    6. Masatoshi Jinno, 2013. "The impact of immigration under the defined-benefit pension system," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 28(21), pages 613-636.
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