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Universal pension scheme and job searching

Author

Listed:
  • Yao-Tung Chen
  • Ai-Ju Shao
  • Shih-Chung Chang
  • Hsin-Fu Huang
  • Fang-Kuo Wang

Abstract

This paper examines whether a change in the amount of universal pension fund has any effect on a typical individual’s propensity to accept a job offer in the first period. The pension system will give the individual who is assumed to live for three periods a fixed amount in the third period regardless of his choice in the previous two periods to accept a job offer or not. It is found: with a grant in place after retirement, if a typical individual places much emphasis on current consumption, a rise in the grant will lead to an increase in his propensity to accept a job offer in the first period; in contrast, if future consumption is emphasized much, the opposite result will be obtained. Finally, the empirical evidence based on a questionnaire survey is provided to support the above-mentioned theoretical results.

Suggested Citation

  • Yao-Tung Chen & Ai-Ju Shao & Shih-Chung Chang & Hsin-Fu Huang & Fang-Kuo Wang, 2021. "Universal pension scheme and job searching," Applied Economics Letters, Taylor & Francis Journals, vol. 28(10), pages 802-806, June.
    • Handle: RePEc:taf:apeclt:v:28:y:2021:i:10:p:802-806
    DOI: 10.1080/13504851.2020.1782329
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