TY  - RPRT
        AU  - Poutvaara, Panu
        TI  - Social Security Incentives, Human Capital Investment and Mobility of Labor
        PY  - 2005/Aug/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 1729
        UR  - https://www.iza.org/publications/dp1729
        AB  - 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.
        KW  - earnings-related and flat-rate pensions
KW  - migration
KW  - social security
KW  - education
        ER  -