Arbeitspapier
The Crisis of Germany's Pension Insurance system and How it Can be Resolved
The paper discusses the options for a reform of the German pension system using a model developed at CES for the German Council of economic advisors to the Federal Ministry of Economics and Research. It is argued that the German pay-as-you-go-system is efficient in a present value sense but will nevertheless need the support of a funded system to avoid a financial crisis. The paper recommends obligatory priv ate savings at a variable rate where the time path of the savings rate is chosen so as to stabilize the sum of this rate and the pay-as-you-go contribution rate, given the time path of pensions as defined in the present system.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 191
- Klassifikation
-
Wirtschaft
- Thema
-
Pension insurance
pay-as-you-go system
savings
Germany
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Sinn, Hans-Werner
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
1999
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Arbeitspapier
Beteiligte
- Sinn, Hans-Werner
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 1999
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