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In May 2001, Germany adopted a fundamental pension reform cutting back public pensions and introducing personal pension …
Persistent link: https://www.econbiz.de/10010262550
The paper provides a framework for the conceptualization, definition and estimation of legacy costs that need to be addressed in a reform that transforms an unfunded defined contribution (NDB) scheme into a notional (or non-financial) defined contribution (NDC) scheme. As the new contribution...
Persistent link: https://www.econbiz.de/10010278557
contradiction with what is suggested in theory. …
Persistent link: https://www.econbiz.de/10010271279
Western governments are currently contemplating how to adapt their Pay-As-You-Go pension systems so that these remain financially sustainable, even with an aged population. To the extent that policy-makers haven't already adapted their old age social security schemes, an ageing population thus...
Persistent link: https://www.econbiz.de/10010277208
effect of the relative cohort size on educational attainment of young adults in Germany is analyzed utilizing data from the …
Persistent link: https://www.econbiz.de/10010269139
This paper investigates the relationship between wealth, ageing and saving behaviour of private households by using pooled cross sections of German consumption survey data. Different components of wealth are distinguished, as their impact on the savings rate is not homogeneous. On average, the...
Persistent link: https://www.econbiz.de/10010282619
birth cohorts in Germany. The analysis is based on a rich dataset that combines household survey data from the German Socio … East Germany and for the low educated. Using simulated life cycle employment and income profiles, we project gross future …
Persistent link: https://www.econbiz.de/10010269491
The paper examines the following pension reform strategy that aims to defuse the pension time-bomb without giving rise to intergenerational conflict. Let people with rights to public pensions have the option of using a portion of their potential pensions to provide employment vouchers for...
Persistent link: https://www.econbiz.de/10010265553
Feldstein [1985] posed the questions of what would be the optimal level of retirement benefit, and what would be the optimal mix between the pay-as-you-go system and the funded pension system under the assumption of an exogenous interest rate. We reconsider the problem with the addition of a...
Persistent link: https://www.econbiz.de/10010276956
Taking a European cross-country perspective, this paper addresses the most important issues in the nexus of population ageing and labor markets. We start from a descriptive overview of the demographic change currently shaping European societies. The subsequent section intensively discusses the...
Persistent link: https://www.econbiz.de/10010261652