Migration with pension reform expectations
Keywords:
migration decisions, pension benefits, pension reforms, institutional uncertaintyAbstract
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.
Downloads
Published
How to Cite
Issue
Section
License
Copyright Notice
Public Sector Economics (PSE) is a an Open Access Journal licensed under a Creative Commons Attribution-NonCommercial 4.0 International License, which permits use and redistribution (commercial and non-commercial), as long as the licensed work is passed along unchanged and in whole, with credit to PSE as original publisher.
Authors retain the copyright on the papers published in PSE but grant the right of first publication to the journal.
Papers published in PSE can be re-published only exceptionally and in unaltered form, e.g., as a chapter in a volume of an author’s collected papers, or as an unabridged translation for educational purposes. The author(s) must obtain written permission of the publisher and clearly indicate in a first page footnote the reference to the original publication in PSE.
Individual users may access, download, copy and display the papers published in PSE, provided that the authors’ intellectual and moral rights, reputation and integrity are not compromised. It is the obligation of the user to ensure that any reuse complies with the copyright policies of the owners.
If the content of papers published in the PSE is copied, downloaded or otherwise reused for non-commercial research and educational purposes, a link to the appropriate bibliographic citation (authors, title of the paper, PSE volume, year and page numbers) should be provided. Copyright notices and disclaimers must not be deleted.