There are only few estimates of the returns on contributions to the German public pension System (GPPS). Those that are published ränge between nominal rates of future returns between about 4,5 % and 48 %, indicating that GPPS treats different groups of people differently. The authors develop a...

This paper is concerned with establishing the data base that is necessary to analyse the double bürden argument which has been used to reject a sweeping reform of the German old-age pension System. We show that this argument does not hold if the existing pay-as-you-go system were to be replaced...

There are only few estimates of the returns on contributions to the German public pension System (GPPS). Those that are published ränge between nominal rates of future returns between about 4,5 % and 48 %, indicating that GPPS treats different groups of people differently. The authors develop a...