Arbeitspapier
Pension reform during the demographic transition
Like in many other OECD countries, the population will age rapidly in Germany during the next decades. This undermines the future sustainability of the current unfunded public pension system and motivates the search for reform options. The present paper aimes to evaluate some currently discussed pension reform proposals. The numerical analysis is based on an extended overlapping-generations model which accounts for rising life expectancy and declining fertility in oder to replicate the demographic transition in Germany. Given the current unfunded pension system, the model first calculates a baseline path of the economy. Then it compares the macroeconomic impact as well as the distributional and efficiency effects of various reform measures such as partial funding and tax financed minimum pensions.
- Language
-
Englisch
- Bibliographic citation
-
Series: W.E.P. - Würzburg Economic Papers ; No. 8
- Classification
-
Wirtschaft
Social Security and Public Pensions
Retirement; Retirement Policies
- Subject
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Population Ageing
Pension reform
overlapping-generations models
Rentenreform
Bevölkerungsökonomie
Overlapping Generations
Gesetzliche Rentenversicherung
Wirkungsanalyse
Wohlfahrtseffekt
Deutschland
Alternde Bevölkerung
- Event
-
Geistige Schöpfung
- (who)
-
Fehr, Hans
- Event
-
Veröffentlichung
- (who)
-
University of Würzburg, Department of Economics
- (where)
-
Würzburg
- (when)
-
1999
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Fehr, Hans
- University of Würzburg, Department of Economics
Time of origin
- 1999
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