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Should pensions be progressive? : yes, at least in Germany!

Fehr, Hans; Kallweit, Manuel; Kindermann, Fabian - 2011

Germany recent reforms that aim at raising retirement age and cutting benefit levels should be complemented by increases in … ; tax-benefit linkage ; endogenous retirement ; population ageing …

Persistent link: https://www.econbiz.de/10009375717

Should Pensions Be Progressive? Yes, at Least in Germany!

Fehr, Hans - 2011

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/10013127112

Pension Reform with Variable Retirement Age - A Simulation Analysis for Germany

Fehr, Hans - 2010

In 2007 Germany has introduced a pension reform which increases the normal retirement age from currently age 65 to 67 … effective retirement age by about one year and redistribute towards future cohorts. However, it hardly reduces old-age poverty … since rich people are more flexible in adjusting retirement. Overall, the efficiency gains of the reform are very modest …

Persistent link: https://www.econbiz.de/10013142151

Social Security with Rational and Hyperbolic Consumers

Fehr, Hans; Habermann, Christian; Kindermann, Fabian - 2006

The present paper studies the role of social security in an economy populated by overlapping generations of individuals that have time-consistent or time-inconsistent preferences, face mortality and individual income risk, borrowing constraints as well as progressive income taxes. Our...

Persistent link: https://www.econbiz.de/10010294644

Tax-Favored Retirement Accounts: Are they Efficient in Increasing Savings and Growth?

Fehr, Hans; Habermann, Christian; Kindermann, Fabian - 2006

The present paper aims to quantify the macroeconomic and welfare effects of taxfavored retirement accounts. Starting … insurance properties of the policy reform. Our simulations indicate that tax-favored retirement accounts as implemented in many …

Persistent link: https://www.econbiz.de/10010294679

Pension reform during the demographic transition

Fehr, Hans - 1999

Like in many other OECD countries, the population will age rapidly in Germany during the next decades. This undermines the future sustainability of the current unfunded public pension system and motivates the search for reform options. The present paper aimes to evaluate some currently discussed...

Persistent link: https://www.econbiz.de/10010305754

Private Retirement Savings in Germany: The Structure of Tax Incentives and Annuitization

Fehr, Hans; Habermann, Christian - 2008

-favored retirement accounts in Germany in a general equilibrium overlapping generations model with idiosyncratic lifespan and labor …

Persistent link: https://www.econbiz.de/10011600778

Private retirement savings in Germany: the structure of tax incentives and annuitization

Fehr, Hans; Habermann, Christian - 2008

-favored retirement accounts in Germany in a general equilibrium overlapping generations model with idiosyncratic lifespan and labor …

Persistent link: https://www.econbiz.de/10010264317

Pension funding and individual accounts in economies with life-cyclers and myopes

Fehr, Hans; Kindermann, Fabian - 2009

The present paper studies the growth and efficiency consequences of pension funding with individual retirement accounts … retirement plans. Three major findings are derived in our study: First, we quantify the commitment effect of social security for …

Persistent link: https://www.econbiz.de/10010266012

Should pensions be progressive? Yes, at least in Germany!

Fehr, Hans; Kallweit, Manuel; Kindermann, Fabian - 2011

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/10010278895