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Demographic change inevitably shifts the balance between contributors and recipients in the pension system. Moreover, in the German pension system benefit levels are closely linked to the current state of economic prosperity. Therefore, in the coming decades stabilisation of old-age security...
Persistent link: https://www.econbiz.de/10010520629
For decades, pension systems were based on the rising revenue generated by an expanding population (demographic dividend). As changes in fertility and longevity created new population structures, however, the dividend disappeared, but pension systems failed to adapt. They are kept solvent by...
Persistent link: https://www.econbiz.de/10011404881
The institutional structures of the various types of European welfare state were established around extra revenues called the demographic dividend that used to be easily available throughout the decades of the 20st century. They, however, ceased to be available at the end of that century. The...
Persistent link: https://www.econbiz.de/10010331935
This paper analyzes the impact of women's retirement on their informal care provision. Using SOEP data, we address fundamental endogeneity problems by exploiting variation in the German pension system in two complementary ways. We find a significant effect of retirement on informal care...
Persistent link: https://www.econbiz.de/10012302897
Pflegebedürftige lassen sich bevorzugt von Angehörigen oder FreundInnen zuhause pflegen. Dieser sogenannten informellen Pflege wird auch im Gesetz Vorrang vor formeller, stationärer Pflege eingeräumt. Für viele Angehörige entsteht jedoch ein Zeitkonflikt zwischen der Pflegearbeit und ihrer...
Persistent link: https://www.econbiz.de/10012319538
expansive measures and introduces a measure aiming towards increased fiscal sustainability. The two measures consist of the … pension scheme. Both measures increase the sustainability gap by 10% of GDP and will oppose the fundamental principles of the … retirement which could potentially reduce the pension system's sustainability gap by half of the initial magnitude. …
Persistent link: https://www.econbiz.de/10012488117
This work documents a persistent life expectancy heterogeneity by gender and geography in Italy during the period 1995-2019. Based on deviations of life expectancy at age 65, it quantifies the implicit tax/subsidy mechanism triggered when pensions annuities are computed by adopting the same...
Persistent link: https://www.econbiz.de/10013200726
The broadly used pay-as-you-go (PAYG) pension system is intrinsically wrong. The essence of the problem is that the PAYG system distributes the yield of raising children, i.e., of human capital investment (which is essentially the pension contribution), in such a way that it disregards the...
Persistent link: https://www.econbiz.de/10013200735
Persistent link: https://www.econbiz.de/10014001281
rather privileged groups of the insured. These measures endanger the sustainability of the German pension system and will …
Persistent link: https://www.econbiz.de/10010471410