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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 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.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesIZA Discussion paper series 328en_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.ppn333893263en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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