Working Paper: CEPR ID: DP2792
Authors: Alain Jousten; Pierre Pestieau
Abstract: In this Paper, we discuss the main characteristics of European mandatory pension systems and the implications for these systems of increasing factor mobility. In particular, we expect the extent of redistribution (both intra- and intergenerational) in national pension systems to decrease. The latter result should hold true even in the presence of mobility limited to some particular subgroups in the working population. The present Paper explores this issue by considering three types of mobility: not only mobility at the beginning of the working life, but also mobility during the working career and mobility at retirement.
Keywords: mobility; pension; redistribution; Europe
JEL Codes: H30; H70; J60
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| Increasing labor mobility (J62) | Decrease in the extent of redistribution in national pension systems (H55) |
| Labor mobility (J62) | Shift in intergenerational redistribution (D15) |
| Labor mobility during working period (J62) | Redistribution of resources across demographic groups (J18) |
| Labor mobility at retirement (J26) | Redistribution of resources across demographic groups (J18) |