Eliciting Individual Preferences for Pension Reform

Yosr Abid Fourati and Cathal O'Donoghue

No 150, Working Papers from National University of Ireland Galway, Department of Economics

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

Keywords: Population ageing; pension system reform; redistribution; stated preferences Algorithmic Trading; MACD (search for similar items in EconPapers)
JEL-codes: H0 I3 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2009, Revised 2009
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Related works:
Working Paper: Eliciting Individual Preferences for Pension Reform (2013)
Working Paper: Eliciting Individual Preferences for Pension Reform (2009)
Working Paper: Eliciting Individual Preferences for Pension Reform (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:nig:wpaper:0150

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