Arbeitspapier
Why Funding is not a Solution to the "Social Security Crisis"
It is now a commonplace that the unfunded public pension systems of many OECD countries will run into severe financing problems in the coming decades due to a dramatically increasing pensioner/worker ratio. While this diagnosis is completely undisputed, there is still a vigorous debate on the appropriate therapy. In this debate, a number of proposals have been brought forward in particular in the last five years, which mainly consist in a (partial) transition to a funded pension system. Because such a transition is not a Pareto improvement, it is necessary to ask what can be the policy target that justifies such a redistributive move? The present paper tries to examine this question by identifying seven fallacies that are commonly made by advocates of such a transition.
- Language
-
Englisch
- Bibliographic citation
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Series: DIW Discussion Papers ; No. 254
- Classification
-
Wirtschaft
- Subject
-
Gesetzliche Rentenversicherung
Kapitaldeckungsverfahren
Pareto-Optimum
Kritik
Theorie
- Event
-
Geistige Schöpfung
- (who)
-
Breyer, Friedrich
- Event
-
Veröffentlichung
- (who)
-
Deutsches Institut für Wirtschaftsforschung (DIW)
- (where)
-
Berlin
- (when)
-
2001
- Handle
- Last update
-
10.03.2025, 11:42 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
- Breyer, Friedrich
- Deutsches Institut für Wirtschaftsforschung (DIW)
Time of origin
- 2001
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