TY  - RPRT
        AU  - Fourati, Yosr Abid
AU  - O'Donoghue, Cathal
        TI  - Eliciting Individual Preferences for Pension Reform
        PY  - 2009/Oct/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 4479
        UR  - https://www.iza.org/index.php/publications/dp4479
        AB  - Pension systems have recently been under scrutiny because of the expected population ageing threatening its sustainability. This paper's contribution to the debate is from a political economic perspective as it uses data from a choice experiment to investigate individual preferences for an alternative state pension scheme based around preferences for cost, poverty, retirement age and pension parameters. Answers are used to estimate a lifecycle utility model of preferences towards pensions' parameters. Results suggest that individuals’ value orientation is an important determinant of their preferences. Respondents' income determines which degree of redistribution is preferred. However, preferences according to age are in contradiction with what is suggested in theory.
        KW  - redistribution
KW  - pension system reform
KW  - population ageing
KW  - stated preferences
        ER  -