京都大学 大学院経済学研究科・経済学部

Title: 
"Extensive and Intensive Margins of Informal Workers’ Public Pension Demand: Evidence from a Mongolian Pension Reform"

Abstract:
Many developing countries have expanded their pension systems in the last two decades. However, the low coverage of informal workers remains a serious issue. I analyze the impact of a Mongolian large-scale policy that redeemed missing contributions, leading to a relaxation of the contribution requirements. I estimate the price elasticity of public pension demand with respect to money’s worth by a regression kink design approach with administrative data. I find small benefits for young individuals effectively promote participation, and large benefits crowd out additional contributions for certain existing participants. I also find gender-heterogeneous impact mainly driven by different retirement ages.