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Intrinsic work motivation and pension reform preferences

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  • HEINEMANN, FRIEDRICH
  • HENNIGHAUSEN, TANJA
  • MOESSINGER, MARC-DANIEL

Abstract

Although demographic change leaves pay-as-you-go pension systems unsustainable, reforms, such as a higher pension age, are highly unpopular. This contribution looks into the role of intrinsic motivation as a driver for pension reform preferences. Theoretical reasoning suggests that this driver should be relevant as it decreases the subjective costs of a higher pension age. We test this key hypothesis on the basis of the German General Social Survey (ALLBUS). The results are unambiguous: in addition to factors such as age or education, the inclusion of intrinsic work motivation helps improving our prediction of an individual's reform orientation.

Suggested Citation

  • Heinemann, Friedrich & Hennighausen, Tanja & Moessinger, Marc-Daniel, 2013. "Intrinsic work motivation and pension reform preferences," Journal of Pension Economics and Finance, Cambridge University Press, vol. 12(2), pages 190-217, April.
    • Handle: RePEc:cup:jpenef:v:12:y:2013:i:02:p:190-217_00
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    Cited by:

    1. Benjamin Bittschi & Berthold U. Wigger, 2019. "On the Political Feasibility of Increasing the Legal Retirement Age," CESifo Working Paper Series 7492, CESifo.

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