Hostname: page-component-586b7cd67f-2brh9 Total loading time: 0 Render date: 2024-11-27T20:21:51.482Z Has data issue: false hasContentIssue false
  • English
  • Français

Intrinsic work motivation and pension reform preferences

Published online by Cambridge University Press:  11 October 2012

FRIEDRICH HEINEMANN ,
TANJA HENNIGHAUSEN  and
MARC-DANIEL MOESSINGER
FRIEDRICH HEINEMANN*
Affiliation:
ZEW Mannheim and University of Heidelberg (e-mail: [email protected])
TANJA HENNIGHAUSEN
Affiliation:
ZEW Mannheim and University of Mannheim
MARC-DANIEL MOESSINGER
Affiliation:
ZEW Mannheim
*
*Corresponding author: Friedrich Heinemann Centre for European Economic Research (ZEW)L7,1 68161 Mannheim, Germany. Tel: +49-621-1235 149.
Get access Rights & Permissions [Opens in a new window]

Abstract

Although demographic change leaves pay-as-you-go pension systems unsustainable, reforms, such as a higher pension age, are highly unpopular. This contribution looks into the role of intrinsic motivation as a driver for pension reform preferences. Theoretical reasoning suggests that this driver should be relevant as it decreases the subjective costs of a higher pension age. We test this key hypothesis on the basis of the German General Social Survey (ALLBUS). The results are unambiguous: in addition to factors such as age or education, the inclusion of intrinsic work motivation helps improving our prediction of an individual's reform orientation.

Keywords

D78H55H31Pension systemreformspension ageALLBUSintrinsic motivation
Type
Articles
Information
Journal of Pension Economics & Finance , Volume 12 , Issue 2 , April 2013 , pp. 190 - 217
Copyright
Copyright © Cambridge University Press 2012

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Alesina, Alberto and Fuchs-Schündeln, Nicola (2007) Good by Lenin (or Not?): the effect of communism on people's preferences. American Economic Review, 97: 1507–1528.Google Scholar
Bénabou, Roland and Tirole, Jean (2003) Intrinsic and extrinsic motivation. Review of Economic Studies, 70: 489–520.Google Scholar
Bénabou, Roland and Tirole, Jean (2006) Incentives and prosocial behavior. American Economic Review, 96(5): 1652–1678.Google Scholar
Blekesaune, Morten and Solem, Per Erik (2005) Working conditions and early retirement. Research on Aging, 27(1): 3–30.Google Scholar
Boeri, Tito, Börsch-Supan, Axel and Tabellini, Guido (2001) Would you like to shrink the European welfare state? A Survey of European Citizens, Economic Policy, 16(32): 9–50.Google Scholar
Boeri, Tito, Börsch-Supan, Axel and Tabellini, Guido (2002) Pension reforms and the opinions of European citizens. American Economic Review, 92(2): 396–401.Google Scholar
Boeri, Tito and Tabellini, Guido (2012). Does information increase political support for pension reform? Public Choice, 150(1): 327–362.Google Scholar
Börsch-Supan, Axel (1992) Population aging, social security design, and early retirement. Journal of Institutional and Theoretical Economics, 148: 533–557.Google Scholar
Börsch-Supan, Axel, Kohnz, Simone and Schnabel, Reinhold (2007) Budget effects of pension reform in Germany. In Gruber, J. and Wise, D. (eds), Social Security Programs and Retirement around the World: Fiscal Implications. Chicago: University of Chicago Press.Google Scholar
Börsch-Supan, Axel, Schnabel, Reinhold, Kohnz, Simone and Mastrobuoni, Giovanni (2004) Micro-modelling of retirement decisions in Germany. In Gruber, J. and Wise, D. (eds), Social Security Programs and Retirement around the World: Fiscal Implications. Chicago: University of Chicago Press.Google Scholar
Breyer, Friedrich and Kifmann, Mathias (2002) Incentives to retire later – a solution to the social security crisis? Journal of Pension Economics and Finance, 1(2): 111–130.Google Scholar
Campbell, Donald T. and Fiske, Donald W. (1959) Convergent and discriminant validation by the multitrait-multimethod matrix. Psychological Bulletin 56(2): 81–105.Google Scholar
Deci, Edward L. (1971) Effects of externally mediated rewards on intrinsic motivation. Journal of Personality and Social Psychology 18(1): 105–115.Google Scholar
Devesa-Carpio, José Enrique and Devesa-Carpio, Mar (2010) The cost and actuarial imbalance of pay-as-you-go systems: the case of Spain. Journal of Economic Policy Reform 13(3): 259–276.CrossRefGoogle Scholar
Filer, Randall and Honig, Marjorie (2005) Endogenous Pensions and Retirement Behavior, CESifo Working Paper No. 1547.Google Scholar
Frey, Bruno (1997a) Markt und Motivation: Wie ökonomische Arbeitsanreize die (Arbeits-) Moral Verdrängen. Vahlen, München.Google Scholar
Frey, Bruno (1997b) On the relationship between intrinsic and extrinsic work motivation. International Journal of Industrial Organization, 15: 427–439.Google Scholar
Frey, Bruno (2008) Motivation crowding theory – a new approach to behaviour. In P. Commission (eds), Behavioural Economics and Public Policy. Roundtable Proceedings, Productivity Commission, Canberra, pp. 37–54.Google Scholar
Frey, Bruno and Jegen, Reto (2001) Motivation crowding theory: a survey of empirical evidence. Journal of Economic Surveys, 15(5): 589–611.Google Scholar
Gruber, Jonathan and Wise, David A. (2004) Social Security Programs and Retirement around the World: Micro-Estimation. Chicago: University of Chicago Press.Google Scholar
Gruber, Jonathan and Wise, David A. (2007) Social Security Programs and Retirement around the World: Fiscal Implications. Chicago: University of Chicago Press.Google Scholar
Johnson, Richard W. and Steuerle, Eugene (2004) Promoting work at older ages: the role of hybrid pension plans in an aging population. Journal of Pension Economics and Finance 3(3): 315–337.Google Scholar
Lachance, Marie-Eve (2008) Pension reductions: can welfare be preserved by delaying retirement? Journal of Pension Economics and Finance 7(2): 157–177.Google Scholar
Lazear, Edward P. (1979) Why is there mandatory retirement? Journal of Political Economy 87: 1261–1284.Google Scholar
Lazear, Edward P. and Oyer, Paul (2007) Personnel economics, NBER Working Paper No. 13480.Google Scholar
Lynch, Julia and Myrskylä, Mikko (2009) Always the third rail? pension income and policy preferences in European democracies. Comparative Political Studies 42(8): 1068–1097.Google Scholar
Meltzer, Allan H. and Richard, Scott F. (1981) A rational theory of the size of government. Journal of Political Economy 89(5): 914–927.Google Scholar
Meyer, John P. and Allen, Natalie J. (1991) A three-component conceptualization of organizational commitment. Human Resource Management Review 1(1): 61–89.Google Scholar
Mortensen, Dale T. (1978) Specific capital and labor turnover. Bell Journal of Economics 9(2): 572–586.CrossRefGoogle Scholar
Ockenfels, Axel, Sliwka, Dirk and Werner, Peter (2010) Bonus payments and reference point violations, IZA Discussion Paper No. 4795, 31.Google Scholar
Osterloh, Margit and Frey, Bruno (2000) Motivation, knowledge transfer, and organizational forms. Organization Science 11(5): 538–550.Google Scholar
Osterloh, Margit, Frost, Jetta and Frey, Bruno (2002) The dynamics of motivation in new organizational forms. International Journal of the Economics of Business 9(1): 61–77.Google Scholar
Scheubel, Beatrice, Schunk, Daniel and Winter, Joachim (2009) Don't raise the retirement age! an experiment on opposition to pension reforms and East-West differences in Germany, CESifo Working Paper No. 2752.Google Scholar
Schneider, Ondrej (2009) Reforming pensions in Europe: economic fundamentals and political factors, CESifo Working Paper, No. 2572.Google Scholar
Sinn, Hans-Werner and Silke, Übelmesser (2002) Pensions and the path to gerontocracy in Germany. European Journal of Political Economy 19: 153–158.Google Scholar
Terwey, Michael, Bens, Arno, Baumann, Horst and Baltzer, Stefan (2007) Datenhandbuch ALLBUS 2006, Za – Nr. 4500. GESIS, Köln und Mannheim.Google Scholar