How to avoid a pension crisis : a question of intelligent system design

Alessandro Cigno

Conventional pension systems suffer from a design defect which makes them financially unsustainable, and a source of inefficiency for the economy as a whole. The paper outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one allowing individuals to qualify for a pension by working and paying contributions in the usual way, and an unconventional one allowing them to qualify for a pension by having children, and investing time and money in their upbringing.

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Year of publication:	2009
Authors:	Cigno, Alessandro
Publisher:	Bonn : IZA
Subject:	pension reform \| implicit pension taxes and subsidies \| child benefits \| fertility \| labour productivity \| Gesetzliche Rentenversicherung \| Public pension system \| Rentenreform \| Pension reform \| Second Best \| Second best \| Umlageverfahren \| Pay-as-you-go \| Familienleistungsausgleich \| Family benefits \| Arbeitsproduktivität \| Labour productivity \| Fertilität \| Fertility \| Theorie \| Theory \| Deutschland \| Germany

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Extent:	Online-Ressource (17 S.) graph. Darst.
Series:	IZA policy papers. - Bonn : [Verlag nicht ermittelbar], ZDB-ID 2503755-9. - Vol. 4
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/91782 [Handle]
Classification:	D13 - Household Production and Intrahouse Allocation ; D64 - Altruism ; H55 - Social Security and Public Pensions ; J13 - Fertility; Family Planning; Child Care; Children; Youth ; J14 - Economics of the Elderly ; J26 - Retirement; Retirement Policies
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10003936144