Summary This paper aims to find an adequate concept to evaluate the replacement rate of the latest retiree generation of 2010. Classic replacement rates fail to provide meaningful conclusions because they can only be calculated for around half the retirees. This paper proposes an alternative...

Summary Social insurance contributions include an implicit tax portion if the contributions are higher than the benefits. For the first time, this implicit tax burden is calculated for the entire German social security system regarding income groups, age groups and sex. There is evidence that...

Summary The correct adjustment of pension benefits when postponing retirement is calculated by three „income-oriented“ approaches: the incentive-neutral approach, the budget-neutral approach and as an innovation the return-neutral approach. It turns out, that the three approaches differ just...

Abstract The financial and economic crisis has drawn attention again on the question how sensitive the German public pension system (Gesetzliche Rentenversicherung) reacts to cyclical shocks. We identify three important channels through which business cycle movements may affect the pension...

Abstract Due to its complexity and incomprehensibility the mechanism for the annual pension adjustment has experienced rising criticism. We compare the actual formula and alternative adjustment proposals on the basis of different criteria. It will become evident that the current formula is...

Abstract Against the background of the demographic trend the German Pension System is faced with the question of its financial sustainability. In order to predict future developments or potential reforms we apply a simulation model for the German Pension System (MEA-pensim), which enables us to...

Zusammenfassung: Die Beitragssatzentwicklung in der Gesetzlichen Krankenversicherung (GKV) und der Sozialen Pflegeversicherung (SPV) wird analytisch in einen Demographieeffekt, einen Ausgabenniveaueffekt und einen Einkommenseffekt aufgeteilt. Empirisch zeigt sich, dass der reine...