Migration with pension reform expectations

Marek Góra and Anna Ruzik-Sierdzinska ()
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Anna Ruzik-Sierdzinska: Warsaw School of Economics, Warsaw, Poland

Public Sector Economics, 2020, vol. 44, issue 2, 203-219

Abstract: Pension reforms, which imply a reduction in the generosity of pension benefits, are becoming widespread in response to the demographic transition. The scale, the timing, and the pace of these reforms vary across countries. In this theoretical article, the authors analyse individual migration decisions, by adding a component linked to the expected old-age pension benefits in sending and receiving countries in two cases: when the pension system rules are known, and when there is a risk of pension systems reforms. The results indicate that when individuals fail to take future pension wealth into account, they can make sub-optimal migration decisions.

Keywords: migration decisions; pension benefits; pension reforms; institutional uncertainty (search for similar items in EconPapers)
JEL-codes: F22 J24 J26 J61 (search for similar items in EconPapers)
Date: 2020
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http://www.pse-journal.hr/upload/files/pse/2020/2/3.pdf (application/pdf)

Related works:
Working Paper: Migration with Pension Reform Expectations (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:ipf:psejou:v:44:y:2020:i:2:p:203-219

DOI: 10.3326/pse.44.2.3

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