Education, Life Expectancy and Pension Reform

Krieger, Tim; Lange, Thomas

Education, Life Expectancy and Pension Reform

Dateien

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Datum

2012

Autor:innen

Krieger, Tim

Lange, Thomas

Sammlungen

Wirtschaftswissenschaften

Publikationstyp

Zeitschriftenartikel

Publikationsstatus

Published

Erschienen in

Hacienda pública española. Instituto de Estudios Fiscales. 2012, 2012(202), pp. 31-56. ISSN 0210-1173

Zusammenfassung

In a two-period model with agent heterogeneity we analyze a pension reform toward a stronger link between contributions and benefits (as recently observed in several countries) in a pension system with a Bismarckian and a Beveridgean component. We show that such a policy change may discourage human capital investment at the margin and thus reduce the average educational level in an economy. The life expectancy differential between skilled and unskilled individuals drives this result. Furthermore, we investigate the consequences on the intragenerational redistribution characteristics of the pension system �in the sense of the number of net-recipients relative to net-payers� as well as welfare effects.

Fachgebiet (DDC)

330 Wirtschaft

Schlagwörter

Social Security, Education, Life Expectancy, Pension Reform, Redistribution

Zitieren

ISO 690

KRIEGER, Tim, Thomas LANGE, 2012. Education, Life Expectancy and Pension Reform. In: Hacienda pública española. Instituto de Estudios Fiscales. 2012, 2012(202), pp. 31-56. ISSN 0210-1173

BibTex

@article{Krieger2012Educa-49216,
  year={2012},
  title={Education, Life Expectancy and Pension Reform},
  number={202},
  volume={2012},
  issn={0210-1173},
  journal={Hacienda pública española},
  pages={31--56},
  author={Krieger, Tim and Lange, Thomas}
}

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