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https://hdl.handle.net/10419/21185
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DC Field | Value | Language |
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dc.contributor.author | Breyer, Friedrich | en |
dc.date.accessioned | 2009-01-28T16:20:11Z | - |
dc.date.available | 2009-01-28T16:20:11Z | - |
dc.date.issued | 2001 | - |
dc.identifier.uri | http://hdl.handle.net/10419/21185 | - |
dc.description.abstract | It 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 |
dc.language.iso | eng | en |
dc.publisher | |aInstitute for the Study of Labor (IZA) |cBonn | en |
dc.relation.ispartofseries | |aIZA Discussion Papers |x328 | en |
dc.subject.jel | H55 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Social security | en |
dc.subject.keyword | transition to funding | en |
dc.subject.keyword | Pareto improvement | en |
dc.subject.keyword | policy proposals | en |
dc.subject.stw | Gesetzliche Rentenversicherung | en |
dc.subject.stw | Kapitaldeckungsverfahren | en |
dc.subject.stw | Pareto-Optimum | en |
dc.subject.stw | Kritik | en |
dc.subject.stw | Theorie | en |
dc.title | Why Funding is not a Solution to the "Social Security Crisis" | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 843985860 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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