Krieger, Tim; Lange, Thomas - In: Hacienda Pública Española 202 (2012) 3, pp. 31-55
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 Beveridgean component. We show that such a policy change may discourage...