| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5310 |
| DP5310 Herding With and Without Payoff Externalities - An Internet Experiment | |
| Mathias Drehmann; Andreas Roider; Joerg Oechssler | |
| 发表日期 | 2005-10-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | An opinion poll on a representative sample of Italian citizens suggests that it does. We focus on reforms that would lengthen retirement age and/or cut pension benefits. After controlling for individual features of the respondent, we find that individuals who are more informed about the costs and functioning of the Italian pension system are more willing to accept reforms. This result holds also using non-parametric methods, such as propensity-score matching. However, the data also suggest that information is endogenous, and jointly determined with policy opinions. We therefore estimate a causal effect of information, with joint maximum likelihood and instrumental variables. These different methods all confirm a positive and significant causal effect of better information on the willingness to accept reforms that reduce the generosity of the pension system. Finally we do not find that exposure to media coverage of pension issues significantly improves information, possibly because individuals read newspaper articles or watch TV programs on these issues just to confirm their priors. |
| 主题 | Labour Economics ; Public Economics |
| 关键词 | Pension reform Information Policy opinions |
| URL | https://cepr.org/publications/dp5310 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534182 |
| 推荐引用方式 GB/T 7714 | Mathias Drehmann,Andreas Roider,Joerg Oechssler. DP5310 Herding With and Without Payoff Externalities - An Internet Experiment. 2005. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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