Eliciting Individual Preferences for Pension Reform

Yosr Abid Fourati; Cathal O'Donoghue

doi:10.13025/22951

Eliciting Individual Preferences for Pension Reform

Yosr Abid Fourati
, Cathal O'Donoghue

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Research output: Working paper

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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.

Original language	English (Ireland)
Publisher	National University of Ireland, Galway
DOIs	https://doi.org/10.13025/22951
Publication status	Published - 24 Sep 2009

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 1 No Poverty

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10.13025/22951Licence: CC BY-NC-ND

EconWP0150Accepted author manuscript, 4.46 MBLicence: CC BY-NC-ND

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Eliciting Individual Preferences for Pension Reform

Abstract

UN SDGs

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