Sinn, Hans-Werner - In: IFO-Studien : Zeitschrift für empirische … 47 (2001) 1, pp. 77-94
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 contribution of this member. In Germany, this is an amount of about DM 175,000. The paper uses this information to design a...
