Showing 1 - 10 of 13
This paper describes the German pension reform process 1992-2007 with a stress on a remark-able development: the public pay-as-you-go-financed pension system has almost silently moved from a traditional defined benefit system to a system which works in many respects like a defined contribution...
Persistent link: https://www.econbiz.de/10005434967
Many European countries have begun (or have announced) programs intended to reduce the growth of entitlement programs, in particular of public pensions. Current costs are high, and the pressures will increase due to population aging and negative incentive effects. This paper focuses on the...
Persistent link: https://www.econbiz.de/10011227916
Riester pensions are voluntary, but heavily subsidized private pension schemes in Germany. They were designed as a matching defined contribution scheme to fill the emerging "pension gap" that is being generated by the gradually declining generosity of the public pay-as-you-go pensions in...
Persistent link: https://www.econbiz.de/10011227937
Persistent link: https://www.econbiz.de/10010877628
Persistent link: https://www.econbiz.de/10011019365
Persistent link: https://www.econbiz.de/10011019444
Persistent link: https://www.econbiz.de/10011019555
Germany has one of the most generous public pension and health insurance systems of the world, yet private savings are high and remain positive until old age, even for most low income households. How can we explain what we might want to term the \"German savings puzzle\"? We provide a...
Persistent link: https://www.econbiz.de/10011019562
This paper discusses the consequences of population aging and a fundamental pension reform - that is, a shift towards more pre-funding - for capital markets in Germany. We use a stylized closed-economy, overlapping-generations model to compare the effects of the recent German pension reform with...
Persistent link: https://www.econbiz.de/10011019593
Can the aging problem be solved by a higher birth rate? While the popular notion - \"if we have too many elderly we need more children in order to compensate for this\" - seems plausible, the results of economic theory are ambiguous at best. This paper employs a quantitative macroeconomic...
Persistent link: https://www.econbiz.de/10011019632