Publication

Eliciting Individual Preferences for Pension Reform

Fourati, Yosr Abid
; 
O'Donoghue, Cathal
Thumbnail Image
Files
Thumbnail Image
EconWP0150.pdf
Adobe PDF, 4.46 MB
Identifiers
http://hdl.handle.net/10379/1124
 https://doi.org/10.13025/22951
Publication Date
2009-09
Keywords
Economics
Type
Working Paper
Downloads
Show all metadata
Citation
Fourati, Y. A., & O'Donoghue, C. (2009). "Eliciting Individual Preferences for Pension Reform": School of Economics, National University of Ireland, Galway.
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 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.
Funder
Publisher
National University of Ireland, Galway
Publisher DOI
Rights
Attribution-NonCommercial-NoDerivs 3.0 Ireland
cbn
Collections
Economics (Working Papers)