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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/10010520328
, 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 …. Andreas Knabe und Joachim Weimann, Universität Magdeburg, legen dar, wie mit der Deutschlandrente die private Altersvorsorge …
Persistent link: https://www.econbiz.de/10011795648
Public pay-as-you-go pensions still form the dominant pillar of old-age provision in Germany. This is in marked contrast to the situation in Anglo-Saxon countries. It has advantages if labour markets are strong, e.g., following a quick recovery from the Great Recession. It has disadvantages, as...
Persistent link: https://www.econbiz.de/10011429583
This paper presents long term projections of the German pension system that are based on a general equilibrium model with overlapping generations (OLG). This framework takes into account the two way feedback of both micro and macroeconomic relationships, meaning that households, for example,...
Persistent link: https://www.econbiz.de/10012197894
We provide new evidence of forward-looking labor supply responses to changes in pension wealth. We exploit a 2014 German reform that increased pension wealth for mothers by an average of 4.4% per child born before January 1, 1992. Using administrative data on the universe of working histories,...
Persistent link: https://www.econbiz.de/10014279704
We provide new evidence of forward-looking labor supply responses to changes in pension wealth. We exploit a 2014 German reform that increased pension wealth for mothers by an average of 4.4% per child born before January 1, 1992. Using administrative data on the universe of working histories,...
Persistent link: https://www.econbiz.de/10014280148
Das Gesetz über Leistungsverbesserungen in der Gesetzlichen Rentenversicherung ist am 1.7.2014 in Kraft getreten. Zu einer Reduktion der Altersarmut - wie die Aussagen im Bundestagswahlkampf 2013 vermuten ließen - trägt zumindest die abschlagsfreie Rente mit 63 nicht bei. Die Autoren aus dem...
Persistent link: https://www.econbiz.de/10010471410
Das Gesetz über Leistungsverbesserungen in der Gesetzlichen Rentenversicherung ist am 1.7.2014 in Kraft getreten. Zu einer Reduktion der Altersarmut - wie die Aussagen im Bundestagswahlkampf 2013 vermuten ließen - trägt zumindest die abschlagsfreie Rente mit 63 nicht bei. Die Autoren aus dem...
Persistent link: https://www.econbiz.de/10010407325
Using social security actuarial theory and Shanghai pension data, this paper studies and evaluates quantitatively population importing, postponing retirement age, economic development sustainable development policies from a new prospect. The sensitive analysis results indicate that population...
Persistent link: https://www.econbiz.de/10013092630
Using an overlapping generations model, two new indicators of public pension system sustainability are proposed: the pension space, which measures the capacity to pay for pension expenditures out of labour taxation, and the pension space exhaustion probability reflecting demographic...
Persistent link: https://www.econbiz.de/10014347982