@TechReport{iza:izadps:dp1729,
            	author={Poutvaara, Panu},
            	title={Social Security Incentives, Human Capital Investment and Mobility of Labor},
            	year={2005},
	month={Aug},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={1729},
            	url={https://www.iza.org/publications/dp1729},
	abstract={Migration between countries with earnings-related and flat-rate pay-as-you-go social security systems may change human capital investments in both countries. The possibility of emigration boosts investments in human capital in the country with flat-rate benefits. Correspondingly, those expecting to migrate from the country with earnings-related benefits to a country with flat-rate benefits may reduce their investment in education. With suitably planned transfers between the two countries, allowing for migration may generate a Pareto-improvement for all current and future generations. Without transfers, either country may be unable to pay for promised benefits when labor becomes mobile.},
	keywords={earnings-related and flat-rate pensions;migration;social security;education},
            }