30 October 2018
Wuerzburg, Germany
The impact of reducing the pension generosity on schooling and inequality
The University of Wuerzburg regularly hosts Economic Workshops to invite faculty members and research scholars from international renowned universities to give presentations to different topics. Senior Research Scholar Alexia Fürnkranz-Prskawetz will give a presentation entitled "The impact of reducing the pension generosity on schooling and inequality" on 30 October at 6.15PM.
For many years, Fürnkranz-Prskawetz has been working in the field of the economics of population and individual ageing, long run economic growth, agent based models and environmental economics. She has published numerous articles in refereed scientific journals and edited special issues of economic and demographic journals. At IIASA she works on models of the interrelationship between population, the economy and environment.
She holds a doctorate in mathematical economics from the Vienna University of Technology, as well as a second doctorate (Habilitation) in population economics and applied econometrics from the same University. She is professor at the Institute for Mathematical Methods in Economics at the Vienna University of Technology, deputy director at the Vienna Institute of Demography at the Austrian Academy of Sciences and director of research training at the Wittgenstein Centre for Demography and Global Human Capital.
Event details:
Date: 30 October 2018, 6:15-7:45PM
Location: Sanderring 2 (Neue Universität), SR 418, University of Wuerzburg
For more information to this conference please see the event website.
Abstract
The impact of reducing the pension generosity on schooling and inequality
In this paper we investigate the impact of a reduction in the pension replacement rate on the schooling choice and on inequality. We develop an overlapping generations model in which individuals differ by their life expectancy and in the cost of attending schooling. Individuals optimally choose their consumption path and their educational attainment. Within our framework we first show how many progressive pension systems are ex ante regressive due to the difference in life expectancy across skill groups and, second, we show the conditions under which a reduction in the replacement rate may increase the number of skilled workers and reduce inequality.
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