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Eliciting Individual Preferences for Pension Reform

Author

Listed:
  • Yosr Abid

    (TPAD)

  • Edel Doherty

    (School of Business and Economics, National University of Ireland, Galway)

  • Darragh Flannery

    (Department of Economics, University of Limerick)

  • Cathal O'Donoghue

    (Teagasc)

Abstract

Rising costs and changing demographics require that pension system reform is an important policy goal of most developed countries. While existing literature has explored issues such as the fiscal and redistributive impact of such reforms, few studies have been undertaken to investigate the preferences of individuals for various pension reforms. This paper aims to fill this gap and uses data from a discrete choice experiment conducted in Ireland to investigate individual preferences for alternative state pension schemes. In particular, we examine preferences for characteristics of means-tested, universal or earnings-related pension systems. Our results suggest that individuals' income and age group are important determinants of their preferences and that reform of the Irish pension system is warranted towards a more generous redistributive system.

Suggested Citation

  • Yosr Abid & Edel Doherty & Darragh Flannery & Cathal O'Donoghue, 2013. "Eliciting Individual Preferences for Pension Reform," Working Papers WP062013, University of Limerick, Department of Economics, revised May 2013.
    • Handle: RePEc:lim:wpaper:062013
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    References listed on IDEAS

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    Cited by:

    1. Pfarr Christian & Ulrich Volker, 2011. "Discrete-Choice-Experimente zur Ermittlung der Präferenzen für Umverteilung," Review of Economics, De Gruyter, vol. 62(3), pages 232-262, December.

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    More about this item

    JEL classification:

    • H0 - Public Economics - - General
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty

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