A new born child has on average a three months longer life expectancy than a newborn of the previous year. Consequences of these gains in life expectancy are-in the case of a constant statutory retirement age-increasing pay-out-periods in the PAYGS. The retirement age of 67 tries to cover the...

In this paper we analyze the distributional effects of family related transfers in the German pension system. In particular based on a stylized microsimulation model in combination withself-collected survey data we study how different transfer programs affect the pension income and help to...

In response to the changing demographic and economic conditions, in 2001 Germany introduced state-subsidized, supplementary funded private pensions called "Riester-pension" named after the former Federal Minister of Labour and Social Affairs, Walter Riester. Ten years later it is apparent that...