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Title:Eliciting individual preferences for pension reform PDF Logo
Authors:Fourati, Yosr Abid
O'Donoghue, Cathal
Issue Date:2009
Series/Report no.:IZA Discussion Papers 4479
Abstract:Pension 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 lifecycle 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.
Subjects:Population ageing
pension system reform
redistribution
stated preferences
JEL:H0
I3
Persistent Identifier of the first edition:urn:nbn:de:101:1-20091019286
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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