Item

Crisis and pension system design in the EU: International spillover effects via factor mobility and trade

Fedotenkov,I.
; 
Meijdam,A.C.
Abstract
Many European Union states have adjusted pension benefits or reformed the pension system in reaction to the recent economic crisis, while other member states have postponed this type of adjustments. In this paper we study to what extent countries that responded quickly to the crisis are harmed by the lingering in other member states via international spillover effects caused by factor mobility and trade. We show that this depends crucially on the degree of labour mobility in the short run. In fact, countries with more flexible pensions can benefit from the inflexibility of pensions in other countries if they can temporarily limit immigration.
Description
Date
2013
Journal Title
Journal ISSN
Volume Title
Publisher
Collections
Tilburg University Research Output Collection
Show all metadata
Research Projects
Organizational Units
Journal Issue
Keywords
SDG 1 - No Poverty
Citation
Fedotenkov, I & Meijdam, A C 2013, 'Crisis and pension system design in the EU : International spillover effects via factor mobility and trade', Economist-Netherlands, vol. 161, no. 2, pp. 175-197. https://doi.org/10.1007%2fs10645-013-9207-3#
URI
https://hdl.handle.net/20.500.14602/59877
Embedded videos