BEVERIDGE VERSUS BISMARCK PENSION SYSTEMS: CONSIDERING FERTILITY RATES AND SKILL DISTRIBUTION

Yohei Sekiguchi and Masatoshi Jinno
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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

The Singapore Economic Review (SER), 2018, vol. 63, issue 05, 1141-1153

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.

Keywords: Immigrants; fertility rates; the ratio of skilled to unskilled workers; Bismarckian versus. Beveridgian pension systems (search for similar items in EconPapers)
Date: 2018
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DOI: 10.1142/S0217590815500769

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