Intrinsic work motivation and pension reform preferences

Friedrich Heinemann, Tanja Hennighausen and Marc-Daniel Moessinger ()

Journal of Pension Economics and Finance, 2013, vol. 12, issue 2, 190-217

Abstract: Although demographic change leaves pay-as-you-go pension systems unsustainable, reforms, such as a higher pension age, are highly unpopular. This contribution looks into the role of intrinsic motivation as a driver for pension reform preferences. Theoretical reasoning suggests that this driver should be relevant as it decreases the subjective costs of a higher pension age. We test this key hypothesis on the basis of the German General Social Survey (ALLBUS). The results are unambiguous: in addition to factors such as age or education, the inclusion of intrinsic work motivation helps improving our prediction of an individual's reform orientation.

Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jpenef:v:12:y:2013:i:02:p:190-217_00

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