Education, Life Expectancy and Pension Reform

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2012
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Krieger, Tim
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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.

Zusammenfassung in einer weiteren Sprache
Fachgebiet (DDC)
330 Wirtschaft
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Social Security, Education, Life Expectancy, Pension Reform, Redistribution
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ISO 690KRIEGER, 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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