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The Future of Multi-Pillar Pension Systems
Bovenberg, Lans; van Ewijk, Casper - In: CESifo DICE Report 10 (2012) 4, pp. 16-20
Persistent link: https://www.econbiz.de/10011696798
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Generic NDC: Equilibrium, valuation and risk sharing with and without NDC bonds
Palmer, Edward - 2011
The Non-financial (Notional) Defined Contribution (NDC) PAYGO pension scheme is a recent innovation and its generic dimensions have not previously been explored in a coherent context. This paper does this. It derives and analyzes the demographic, economic and distributional properties of NDC....
Persistent link: https://www.econbiz.de/10010321427
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Old Europe ages: Can it still prosper?
Börsch-Supan, Axel; Ludwig, Alexander - 2009
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
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Addressing the legacy costs in an NDC reform: Conceptualization, measurement, financing
Holzmann, Robert; Jousten, Alain - 2010
The paper provides a framework for the conceptualization, definition and estimation of legacy costs that need to be addressed in a reform that transforms an unfunded defined contribution (NDB) scheme into a notional (or non-financial) defined contribution (NDC) scheme. As the new contribution...
Persistent link: https://www.econbiz.de/10010278557
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Institutional Incentives for Early Retirement in the EU Member States
Fenge, Robert - In: CESifo Forum 02 (2001) 4, pp. 58-61
Persistent link: https://www.econbiz.de/10011695678
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Will it Last? An Assessment of the 2001 German Pension Reform
Bonin, Holger - 2001
In May 2001, Germany adopted a fundamental pension reform cutting back public pensions and introducing personal pension …
Persistent link: https://www.econbiz.de/10010262550
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Die Deutschlandrente: Ein Konzept zur Stärkung der kapitalgedeckten Altersvorsorge
Knabe, Andreas; Weimann, Joachim - In: ifo Schnelldienst 70 (2017) 18, pp. 25-33
Der demographische Wandel stellt die deutsche Rentenpolitik vor große Herausforderungen. Mit dem Renten­eintritt der …, umlagefinanzierten Rentenversicherung zu reduzieren und den Aufbau zusätzlicher, kapitalgedeckter Altersvorsorge zu stärken. Allerdings … bleibt die Verbreitung der betrieblichen und privaten Altersvorsorge deutlich hinter den ursprünglichen Erwartungen zurück …
Persistent link: https://www.econbiz.de/10011795648
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Demographic Change and Partial Funding: Is the Swedish pension reform a role model for Germany?
Jagob, Jochen; Sesselmeier, Werner - 2000
member states are shrinking and getting older. This holds for Sweden and above all for Germany. Due to OECD figures the share … of the ones 65 and over of the total population in West Germany has risen from 10.8% in 1960 to 16.2% in 1997 and it is … 1994 and Germany with its Pansion reform act in 1999 which passed the parliament in 1997. This distinction is important …
Persistent link: https://www.econbiz.de/10010323701
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How to Avoid a Pension Crisis: A Question of Intelligent System Design
Cigno, Alessandro - 2009
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