In this paper we analyze exemplarily the volatility of the internal rates of return of the German pension system over the life-cycle of an individual born in 1957. The outcome is compared to an alternative defined-contribution or defined-benefit policy. Based on the actual data, our results show...

In this paper we analyze exemplarily the volatility of the internal rates of return of the German pension system over the life-cycle of an individual born in 1957. The outcome is compared to an alternative defined-contribution or defined-benefit policy. Based on the actual data, our resultsshow...

In Zeiten der gesellschaftlichen Alterung befindet sich die Rentenpolitik im Zwiespalt zwischen politisch opportunen Leistungsausweitungen und fiskalischer Nachhaltigkeit. Die langfristigen fiskalischen Auswirkungen von leistungsausweitenden Maßnahmen und eine generationengerechte Ausgestaltung...

In this paper we analyze exemplarily the volatility of the internal rates of return of the German pension system over the life-cycle of an individual born in 1957. The outcome is compared to an alternative defined-contribution or defined-benefit policy. Based on the actual data, our resultsshow...

In this paper we analyze exemplarily the volatility of the internal rates of return of the German pension system over the life-cycle of an individual born in 1957. The outcome is compared to an alternative defined-contribution or defined-benefit policy. Based on the actual data, our results show...

In Zeiten der gesellschaftlichen Alterung befindet sich die Rentenpolitik im Zwiespalt zwischen politisch opportunen Leistungsausweitungen und fiskalischer Nachhaltigkeit. Die langfristigen fiskalischen Auswirkungen von leistungsausweitenden Maßnahmen und eine generationengerechte Ausgestaltung...

In this paper we analyze exemplarily the volatility of the internal rates of return of the German pension system over the life-cycle of an individual born in 1957. The outcome is compared to an alternative defined-contribution or defined-benefit policy. Based on the actual data, our results show...

In this paper we analyze exemplarily the volatility of the internal rates of return of the German pension system over the life-cycle of an individual born in 1957. The outcome is compared to an alternative defined-contribution or defined-benefit policy. Based on the actual data, our resultsshow...