@techreport{Gorski2007Pensi-12259,
  year={2007},
  series={Diskussionspapiere der DFG-Forschergruppe Heterogene Arbeit},
  title={Pensions, Education and Life Expectancy},
  number={07,04},
  author={Gorski, Michael and Krieger, Tim and Lange, Thomas}
}

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    <dc:creator>Lange, Thomas</dc:creator>
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    <dc:creator>Krieger, Tim</dc:creator>
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    <dcterms:abstract xml:lang="eng">In a two-period model with agent heterogeneity we analyze a pension reform toward a stronger link between contributions and benefits (as recently observed in several countries) in a pension system with a Bismarckian and a Beveridgian component. We show that such a policy change reduces the educational level in an economy. The life expectancy differential between skilled and unskilled individuals drives this result. Furthermore, we investigate the consequences on the intragenerational redistribution characteristics of the pension system   in the sense of the number of net-recipients relative to net-payers   as well as welfare effects.</dcterms:abstract>
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