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Conventional pension systems suffer from a design defect which makes them financially unsustainable, and a source of inefficiency for the economy as a whole. The paper outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one allowing...
Persistent link: https://www.econbiz.de/10010331423
countries. France, Germany, and Italy have large pay-as-you-go pension systems and vulnerable labor markets. At the same time …
Persistent link: https://www.econbiz.de/10010279841
finanziellen Alterssicherung deutlich unzufriedener ist als die ältere. Dieser Effekt ist unabhängig von der ökonomischen Situation …. Trotz der deutlich gestiegenen Unzufriedenheit mit der Alterssicherung stehen große Teile der Bevölkerung einer … privatwirtschaftlich organisierten Altersvorsorge skeptisch gegenüber. Ganz allgemein kann gezeigt werden, dass mit ihrer Alterssicherung …
Persistent link: https://www.econbiz.de/10010260710
In seinen Ausführungen zu einer Rentenreform, die die Rentenbemessung in Zusammenhang mit der Kinderzahl definiert …
Persistent link: https://www.econbiz.de/10011691979
Using data from the 1997 and 2002 waves of the German Socio-Economic Panel and from official statistics, I study whether natives are less supportive of state help for the unemployed in regions where the share of foreigners among the unemployed is high. Unlike previous studies, I use...
Persistent link: https://www.econbiz.de/10011600915
Using data from the 1997 and 2002 waves of the German Socio-Economic Panel and from official statistics, I study whether natives are less supportive of state help for the unemployed in regions where the share of foreigners among the unemployed is high. Unlike previous studies, I use...
Persistent link: https://www.econbiz.de/10010299930
Germany faces a demographic aging process which affects the working-age population first. This paper surveys some …
Persistent link: https://www.econbiz.de/10010262234
This article examines recent pension reforms in OECD countries. All countries are facing the challenge of designing both financially and socially sustainable pension policies in a context of weak economic growth, low financial returns and ageing populations. In some cases, countries have been...
Persistent link: https://www.econbiz.de/10010520632
This article, based on two books (2008, forthcoming), sets out principles for pension design: pension systems have multiple objectives, analysis should consider the pension system as a whole, analysis should be in a second-best context, different systems share risks differently and have...
Persistent link: https://www.econbiz.de/10010264537
This paper discusses two topics which are at the very center of the ongoing political debate on public pension reform. First, we deal with the puzzle that there is a public pension system at all from a purely neoclassical point of view. Second, we address the issue which is considered the...
Persistent link: https://www.econbiz.de/10011435133