The Value of Children and Immigrants in a Pay-as-You-Go Pension System : A Proposal for a Partial Transition to a Funded System

It is shown that the net fiscal externality created by an additional member of a pay-as-you-go pension system that is endowed with individual accounts equals the gross contributions" of this member. In Germany, this is an amount of about DM 175,000. The paper uses this" information to design a hybrid funded system that avoids this externality and improves the" public pension system under equity and efficiency considerations

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Year of publication:	[2022]
Authors:	Sinn, Hans-Werner
Publisher:	[S.l.] : SSRN
Subject:	Theorie \| Theory \| Gesetzliche Rentenversicherung \| Public pension system \| Kinder \| Children \| Umlageverfahren \| Pay-as-you-go \| Kapitaldeckungsverfahren \| Fully funded system \| Internationale Migration \| International migration \| Deutschland \| Germany

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Extent:	1 Online-Ressource (25 p)
Series:	NBER Working Paper ; No. w6229
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 1997 erstellt
Source:	ECONIS - Online Catalogue of the ZBW

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