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Lassila, Jukka; Valkonen, Tarmo - 2008

In non-financial defined contribution (NDC) pension systems the contribution rate is kept at a constant level. A key element is the balance mechanism which is automatically applied if the finances appear insufficient. The balance mechanism is based on the ratio of assets to liabilities. When the...

Persistent link: https://www.econbiz.de/10010285162

Drei Irrtümer über die gesetzliche Rente

Nagl, Wolfgang; Ragnitz, Joachim - In: Wirtschaftsdienst 92 (2012) 11, pp. 759-762

In the public debate on old-age poverty in Germany there are three often-heard preconceptions about the statutory … of statutory pension is lower in Eastern Germany. Third, an expansion of the social contribution ceiling would improve …

Persistent link: https://www.econbiz.de/10010290937

Työeläkejärjestelmän sopeuttaminen pysyvään kasvun hidastumiseen

Valkonen, Tarmo; Lassila, Jukka - 2013

This study analyses the adjustment of the Finnish earnings-related pension system to very low economic growth. The results show that a permanently lower growth rate of the wage bill would raise only moderately the pension contribution rates in the long term. This is because also the benefits are...

Persistent link: https://www.econbiz.de/10012037633

Postponing the legal retirement age

Lacomba, Juan A.; Lagos, Francisco - In: SERIEs - Journal of the Spanish Economic Association 1 (2010) 3, pp. 357-369

This paper analyzes the reform of the pensionable age as an answer to the future financing problems of public pension systems. We use a two-staged model where, first, the government decides the redistribution level of the pension system and, secondly, individuals face a voting process on the...

Persistent link: https://www.econbiz.de/10010317060

The Gains from Pension Reform

Lindbeck, Assar; Persson, Mats - 2002

We characterize pension systems along three dimensions: 1) actuarial vs. non-actuarial, 2) funded vs. pay-as-you-go, 3) defined-contribution vs. defined-benefit. Increasing the degree of actuarial fairness, by strengthening the linkage between contributions and benefits, reduces labor market...

Persistent link: https://www.econbiz.de/10010320156

Geplante Rentenreform: Größere Gerechtigkeit oder falsches Signal?

Fehr, Hans; Werding, Martin; Börsch-Supan, Axel; Boss, … - In: ifo Schnelldienst 67 (2014) 05, pp. 3-25

Nach Meinung von Hans Fehr, Lehrstuhl für Finanzwissenschaft, Universität Würzburg, belastet der aktuelle Gesetzentwurf … Rentenfinanzierung. Für Axel Börsch-Supan, Max-Planck-Institut für Sozialrecht und Sozialpolitik, München, sind die Beschlüsse der neuen … Weltwirtschaft Kiel, bezeichnet die Rentenreform als einen Schritt in die falsche Richtung, die Verlieren seien die nicht …

Persistent link: https://www.econbiz.de/10011693623

Back to Bismarck? Shifting preferences for intragenerational redistribution in OECD pension systems

Krieger, Tim; Traub, Stefan - 2008

Using a sample of 20 OECD countries it is shown that the majority of countries decreased the level of intragenerational redistribution in the first pillar of their pension systems, though the evidence is weak in statistical terms. We find strong correlations between changes of the so-called...

Persistent link: https://www.econbiz.de/10010335599

Early Retirement in Europe: A Call for Action

Jousten, Alain - In: CESifo Forum 02 (2001) 4, pp. 38-41

Persistent link: https://www.econbiz.de/10011695672

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 in a general equilibrium overlapping generations model with idiosyncratic lifespan and labor income uncertainty. We distinguish between economies with rational and hyperbolic...

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

Pension sytems and the allocation of macroeconomic risk

Bovenberg, Ary Lans; Uhlig, Harald - 2006

This paper explores the optimal risk sharing arrangement between generations in an overlapping generations model with endogenous growth. We allow for nonseparable preferences, paying particular attention to the risk aversion of the old as well as overall life-cycle risk aversion. We provide a...

Persistent link: https://www.econbiz.de/10010272736