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dc.contributor.authorFehr, Hansen_US
dc.contributor.authorHabermann, Christianen_US
dc.date.accessioned2009-01-28T15:54:35Z-
dc.date.available2009-01-28T15:54:35Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/19032-
dc.description.abstractThe present paper aims to quantify the welfare effects of progressive pension arrangements in Germany. Starting from a purely contribution-related benefit system, we introduce basic allowances for contributions and a flat benefit fraction. Since our overlapping-generations model takes into account variable labor supply, borrowing constraints as well as stochastic income risk, we can compare the labor supply, the liquidity, and the insurance effects of the policy reform. Our simulations indicate that for a realistic parameter combination an increase in pension progressivity would yield an aggregate efficiency gain of more than 2 percent of resources. However, such a reform would not be implemented because it would not find political support of the currently living generations.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesCESifo working papers 1568en_US
dc.subject.jelH55en_US
dc.subject.jelJ26en_US
dc.subject.ddc330en_US
dc.subject.keywordpension reformen_US
dc.subject.keywordidiosyncratic labor income uncertaintyen_US
dc.subject.stwRentenreformen_US
dc.subject.stwGesetzliche Rentenversicherungen_US
dc.subject.stwSozialversicherungsbeitragen_US
dc.subject.stwSteuerprogressionen_US
dc.subject.stwWohlfahrtseffekten_US
dc.subject.stwVersicherungsökonomiken_US
dc.subject.stwTheorieen_US
dc.titleRisk sharing and efficiency implications of progressive pension arrangementsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn503701998en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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