Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/21185
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dc.contributor.authorBreyer, Friedrichen_US
dc.date.accessioned2009-01-28T16:20:11Z-
dc.date.available2009-01-28T16:20:11Z-
dc.date.issued2001en_US
dc.identifier.urihttp://hdl.handle.net/10419/21185-
dc.description.abstractIt is now a commonplace that the unfunded public pension systems of many OECD countrieswill run into severe financing problems in the coming decades due to a dramaticallyincreasing pensioner/worker ratio. While this diagnosis is completely undisputed, there is stilla vigorous debate on the appropriate therapy. In this debate, a number of proposals havebeen 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 Paretoimprovement, it is necessary to ask what can be the policy target that justifies such aredistributive move? The present paper tries to examine this question by identifying sevenfallacies that are commonly made by advocates of such a transition.en_US
dc.language.isoengen_US
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen_US
dc.relation.ispartofseries|aIZA Discussion paper series |x328en_US
dc.subject.jelH55en_US
dc.subject.ddc330en_US
dc.subject.keywordSocial securityen_US
dc.subject.keywordtransition to fundingen_US
dc.subject.keywordPareto improvementen_US
dc.subject.keywordpolicy proposalsen_US
dc.subject.stwGesetzliche Rentenversicherungen_US
dc.subject.stwKapitaldeckungsverfahrenen_US
dc.subject.stwPareto-Optimumen_US
dc.subject.stwKritiken_US
dc.subject.stwTheorieen_US
dc.titleWhy Funding is not a Solution to the "Social Security Crisis"en_US
dc.typeWorking Paperen_US
dc.identifier.ppn843985860en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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