Towards a funded system of social security: Design and implications - The case of Germany -
What would a feasible system of social security in Germany have looked like in the year of 1995 and beyond? In order to find an answer we describe three base systems: ( l ) a purely funded system of social security, (2) a fully mandatory funded system of social security, and (3) a partially mandatory funded system. It is argued that - neglecting problems of transition - a purely funded system would be the best in economic terms; a fully mandatory funded system would need almost as many controls as the currently prevailing system (often labelled pay-asyou- go system). A partially mandatory funded system, assuring some kind of basic income, would need less controls and less governmental authority than the fully mandatory system but more than a funded system. After quantification of two scenarios which represent components of the three base systems, a system of taxation with respect to contributions and/or benefits is discussed which is at the same time simple in terms of costs of bureaucracy and does not tax economic growth more than necessary.
Year of publication: |
1997
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Authors: | Glismann, Hans H. ; Horn, Ernst-Jürgen |
Publisher: |
Kiel : Kiel Institute of World Economics (IfW) |
Saved in:
freely available
Series: | Kiel Working Paper ; 836 |
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Type of publication: | Book / Working Paper |
Type of publication (narrower categories): | Working Paper |
Language: | English |
Other identifiers: | hdl:10419/47032 [Handle] RePEc:zbw:ifwkwp:836 [RePEc] |
Source: |
Persistent link: https://www.econbiz.de/10010275427
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