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• W1591994074 abstract "In a two-period model with agent heterogeneity we analyze a pension reform toward a stronger linkbetween contributions and benefits (as recently observed in several countries) in a pension system witha Bismarckian and a Beveridgean component. We show that such a policy change may discouragehuman capital investment at the margin and thus reduce the average educational level in an economy.The life expectancy differential between skilled and unskilled individuals drives this result. Furthermore,we investigate the consequences on the intragenerational redistribution characteristics of the pensionsystem �in the sense of the number of net-recipients relative to net-payers� as well as welfare effects." @default.
• W1591994074 created "2016-06-24" @default.
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• W1591994074 date "2012-01-01" @default.
• W1591994074 modified "2023-09-28" @default.
• W1591994074 title "Education, Life Expectancy and Pension Reform" @default.
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