Pension reform preferences in Germany: Does information matter?


Schütz, Jana ; Übelmesser, Silke ; Baginski, Ronja ; Aprea, Carmela



URL: https://www.cesifo.org/en/publications/2022/workin...
Additional URL: https://papers.ssrn.com/sol3/papers.cfm?abstract_i...
Document Type: Working paper
Year of publication: 2022
The title of a journal, publication series: CESifo Working Papers
Volume: 10072
Place of publication: München
Publishing house: Munich Society for the Promotion of Economic Research
ISSN: 1617-9595 , 2364‐1428
Related URLs:
Publication language: English
Institution: Business School > Wirtschaftspädagogik, Design and Evaluation instruktionaler Systeme (Aprea 2018-)
Subject: 330 Economics
Classification: JEL: H550 , J260 , C900,
Keywords (English): pension reform preference , survey experiment , demographic change , information provision
Abstract: Demographic change has an impact on pay-as-you-go pension systems. To maintain their financial sustainability, reforms are necessary, but often lack public support. Based on representative survey data from Germany, we conduct a survey experiment which allows investigating whether salience of or information about demographic change enhances preferences towards reforms in general as well as towards specific reform measures. We find that salience and information provision significantly increase the perceived reform necessity. Furthermore, salience increases preferences for an increase of the retirement age over other reform measures, while information provision reduces preferences for tax subsidies. In addition, we highlight the impact of prior beliefs on the treatment effects. As the salience and the information treatments barely differ, we conclude that it is not the information about the demographic change, which matters. Rather, being made aware of the challenges of the pension system impacts reform preferences.




Dieser Eintrag ist Teil der Universitätsbibliographie.




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