Migration with pension reform expectations
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 decisio...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Institute of Public Finance
2020-05-01
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| Series: | Public Sector Economics |
| Subjects: | |
| Online Access: |
http://www.pse-journal.hr/upload/files/pse/2020/2/3.pdf
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| _version_ | 1811336251987460096 |
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| author | Marek Góra Anna Ruzik-Sierdzińska |
| author_facet | Marek Góra Anna Ruzik-Sierdzińska |
| author_sort | Marek Góra |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-04-13T17:36:42Z |
| format | Article |
| id | doaj.art-20235f32decb479ca898afe5ea0cfeb4 |
| institution | Directory Open Access Journal |
| issn | 2459-8860 |
| language | English |
| last_indexed | 2024-04-13T17:36:42Z |
| publishDate | 2020-05-01 |
| publisher | Institute of Public Finance |
| record_format | Article |
| series | Public Sector Economics |
| spelling | doaj.art-20235f32decb479ca898afe5ea0cfeb42022-12-22T02:37:20ZengInstitute of Public FinancePublic Sector Economics2459-88602020-05-0144220321910.3326/pse.44.2.35577Migration with pension reform expectationsMarek Góra0Anna Ruzik-Sierdzińska1 Warsaw School of Economics, Warsaw, Poland; Institute of Labor Economics (IZA), Bonn, Germany Warsaw School of Economics, Warsaw, Poland 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. http://www.pse-journal.hr/upload/files/pse/2020/2/3.pdf migration decisions; pension benefits; pension reforms; institutional uncertainty |
| spellingShingle | Marek Góra Anna Ruzik-Sierdzińska Migration with pension reform expectations Public Sector Economics migration decisions; pension benefits; pension reforms; institutional uncertainty |
| title | Migration with pension reform expectations |
| title_full | Migration with pension reform expectations |
| title_fullStr | Migration with pension reform expectations |
| title_full_unstemmed | Migration with pension reform expectations |
| title_short | Migration with pension reform expectations |
| title_sort | migration with pension reform expectations |
| topic | migration decisions; pension benefits; pension reforms; institutional uncertainty |
| url |
http://www.pse-journal.hr/upload/files/pse/2020/2/3.pdf
|
| work_keys_str_mv | AT marekgora migrationwithpensionreformexpectations AT annaruziksierdzinska migrationwithpensionreformexpectations |