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which the index value for women, but not for men jumps up. Our findings suggests that GRV fulfils the ideal of a Bismarckian … pension system without intra-generational redistribution for men, while women benefit from intra-generational redistribution. …
Persistent link: https://www.econbiz.de/10012197556
The paper analyses the impact of demographic developments on the German pension system until the year 2060. The projections are simulated for a range of assumptions on the latest demographic trends and on the labour market and comprise the latest pension legislation. As a central innovation we...
Persistent link: https://www.econbiz.de/10011782034
How can retirement savings be increased? We explore a unique policy change in the context of the German pension system to study this question. As of 2005 (with a phase-in period between 2002-04), the German pension administration started to send out annual letters providing detailed and...
Persistent link: https://www.econbiz.de/10011782119
The upcoming demographic crisis in Germany demands fundamentalreforms of the pension system. In a democracy, reforms …. After 2023, Germany will be characterizedby a gerontocratic system where the old decide over the young. Only the fearthat …
Persistent link: https://www.econbiz.de/10011400295
We model the optimal reaction of a public PAYG pension system to demographic shocks. We compare the ex-ante first best and second best solution of a Ramsey planner with full commitment to the outcome under simple third best rules that mimic the pension systems observed in the real world. The...
Persistent link: https://www.econbiz.de/10003771791
Germany recent reforms that aim at raising retirement age and cutting benefit levels should be complemented by increases in …
Persistent link: https://www.econbiz.de/10009375717
Persistent link: https://www.econbiz.de/10003598597
incentive effects, especially for married women with some degree of labour-force attachment, that appear to be far from optimal …. The present paper highlights this problem referring to institutional details and empirical results related to Germany and …
Persistent link: https://www.econbiz.de/10003204012
concentration of job exits at specific ages. In Germany, almost 30% of workers retire precisely in the month when they reach one of …
Persistent link: https://www.econbiz.de/10012057310
We present new empirical evidence on the distribution of earnings, income and wealth among entrepreneurs in Germany. We … Germany does not help to improve its fiscal sustainability, and only an increase in the retirement age to 70 years will help …
Persistent link: https://www.econbiz.de/10012249285