A new pension adjustment formula for Germany: distributional sensitivity results

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Abstract: Amidst the backdrop of a fundamentally changed socio-political strategy within the German pension system towards a strengthening of private pension schemes, in Germany the principles of pension adjustments have attracted a great deal of public attention. In this context, the paper presents a relatively simple adjustment formula with an intrinsic distributional com-ponent. On the basis of the new formula, sensitivity studies concerning the well-being of the elderly in Germany are performed, and these results are compared to the well-being of other German age groups. The corresponding sensitivity analyses vary due to the parameters of the new formula, and, additionally, they are related to alternative pensions’ adjustment formulas in order to compare the diverging consequences of several formulas and their different underlying “philosophies”. The micro-data used is from the German Socio-Economic Panel (SOEP) 1984-2010

Location
Deutsche Nationalbibliothek Frankfurt am Main
Extent
Online-Ressource, 26 S.
Language
Englisch
Notes
Erstveröffentlichung
nicht begutachtet

Bibliographic citation
FaMa-Diskussionspapier ; Bd. 2/2012

Classification
Wirtschaft

Event
Veröffentlichung
(where)
Frankfurt am Main
(when)
2012
Creator
Contributor
FaMa - Neue Frankfurter Sozialforschung

URN
urn:nbn:de:0168-ssoar-364610
Rights
Open Access; Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
Last update
15.08.0005, 6:26 AM CET

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Associated

Time of origin

  • 2012

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