Privatization of Public Pensions in Germany

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dc.contributor Wirtschaftswissenschaftliche Fakultät de_DE Fehr, Hans de_DE 1999-03-08 de_DE 2014-03-18T10:01:13Z 1999-03-08 de_DE 2014-03-18T10:01:13Z 1998 de_DE
dc.identifier.other 085295914 de_DE
dc.identifier.uri de_DE
dc.description.abstract This paper examines the distributional and efficiency effects of pension privatization in Germany. Starting from a benchmark that refects the current unfunded pension system, a fully funded system is introduced. The accrued benefits of the old system are financed by alternative tax combinations as well as deficit increases. The quantitative analysis is based on an Auerbach-Kotliko type simulation model that distinguishes between five lifetime income classes within each age cohort. The simulations reveal a clear trade-off between the efficiency and equity aspects of alternative financing schemes. While consumption taxes are the most efficient financing instrument, they also undermine intra- and intergenerational equity. Phasing-out the unfunded system on the other hand not only dampens the income redistribution across and within generations, but also reduces the efficiency gains dramatically. en
dc.language.iso en de_DE
dc.publisher Universität Tübingen de_DE
dc.rights ubt-nopod de_DE
dc.rights.uri de_DE
dc.rights.uri en
dc.subject.classification Rentenversicherung , Privatisierung , Deutschland , Inzidenz <Wirtschaft> de_DE
dc.subject.ddc 330 de_DE
dc.title Privatization of Public Pensions in Germany en
dc.type (wissenschaftlicher) Artikel de_DE 2010-02-09 de_DE
utue.publikation.fachbereich Wirtschaftswissenschaften de_DE
utue.publikation.fakultaet 6 Wirtschafts- und Sozialwissenschaftliche Fakultät de_DE
dcterms.DCMIType Text de_DE
utue.publikation.typ article de_DE 14 de_DE
utue.publikation.source Diskussionsbeitrag Wirtschaftswissenschaftliche Fakultät der Eberhard-Karls-Universität Tübingen ; 148 de_DE


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