Since receiving his B.A and M.A degrees in economics from the University of Louvain and then his PhD from Yale, Pierre Pestieau has had over thirty years of experience teaching and conducting research in public economics and population economics first at Cornell and then at the University of Liège. Besides being Professor of Economics at the University of Liège, he is member of CORE, Louvain-la-Neuve, associate member of PSE, Paris, CEPR Fellow and CESIfo Fellow. He is currently coeditor of the Journal of Public Economics and associate editor of Economica, Finanzarchiv, Public Economic Theory, Public Finance and CESIfo Economic Studies. Professor Pestieau’s major interests are pension economics, social insurance, inheritance taxation, redistributive policies and tax competition. His articles have been published in such leading journals as Econometrica, the Journal of Economic Theory, Economica, the Journal of Public Economics, the Journal of Population Economics and the Scandinavian Journal of Economics. His most recent books are "The Welfare State in the European Union" (OUP) and with Robert Fenge “Social Security and Retirement” (MIT Press). Prior books were devoted to the performance of public enterprises, inheritance and the underground economy. Professor Pestieau has held visiting positions at the University of Cornell, London School of Economics, the University of Toulouse, Montréal, Marseille, Paris (1 and 10), Le Mans and Louvain. He has been a consultant to various national and international agencies, including the IMF, the World Bank, the OECD and the European Commission.

He joined IZA as a Research Fellow in August 2006.



IZA Discussion Paper No. 9821

There exists a wide variety of tax treatments of pensions across the world. And the reasons for such a range of regimes are not clear. This note reviews the general principles of pension taxes and analyses the theoretical foundations of why pension incomes ought to be taxed specifically. To do...

IZA Discussion Paper No. 7038
published in: Journal of Population Economics, 2015, 28 (1), 195-217

This paper studies how the risk of divorce affects the human capital decisions of a young couple. We consider a setting where complete specialization (one of the spouses uses up all the education resources) is optimal with no divorce risk. Symmetry in education (both spouses receive an equal amount of...

IZA Discussion Paper No. 5609
revised version published as 'Tax Evasion and Social Information: An Experiment in Belgium, France and the Netherlands' in: International Tax and Public Finance, 2014, 22, 401-425.

In a series of experiments conducted in Belgium (Wallonia and Flanders), France and the Netherlands, we compare behavior regarding tax evasion and welfare dodging, with and without information about others' behavior. Subjects have to decide between a 'registered' income, the realization of which will be known to the tax authority...

IZA Discussion Paper No. 2081
published in: Journal of Economic Theory, 2006, 134 (1), 361-378

This paper considers a three-overlapping-generations model of endogenous growth wherein human capital is the engine of growth. It first contrasts the laissez-faire and the optimal solutions. Three possible accumulation regimes are distinguished. Then it discusses a standard set of tax-transfer instruments that allow for decentralization of the social optimum. Within...

IZA Discussion Paper No. 1486

The paper analyzes the link between old-age income programs and economic outcomes in Belgium. We use a simulation methodology to construct an average pension generosity variable. Our regression analysis explores the link with distributional outcomes in income, consumption and more subjective indicators. Results document the weak link between average generosity...

IZA Discussion Paper No. 735
published in: J. Gruber and D. Wise, (eds.), “Social Security Programs and Retirement around the World: Fiscal Implications of Reform”, 2007, University of Chicago Press and NBER

The present paper analyzes the budgetary impact of various Social Security reforms in the Belgian institutional setting. Our approach relies on parameters that were derived in Dellis et alii (2002) using a micro-modeling strategy. Focusing our attention on a hypothetical age cohort, we illustrate the budgetary impact that the reforms...