EconStor >
Julius-Maximilians-Universität Würzburg >
Lehrstuhl für Volkswirtschaftslehre, Geldund internationale Wirtschaftsbeziehungen, Universität Würzburg >
W.E.P. - Würzburg Economic Papers, Lst. f. VWL, Geld u. internat. Wirtschaftsbeziehungen, Universität Würzburg >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/22340
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorHabermann, Christianen_US
dc.contributor.authorFehr, Hansen_US
dc.coverage.temporal2000-2050en_US
dc.date.accessioned2009-01-29T14:57:18Z-
dc.date.available2009-01-29T14:57:18Z-
dc.date.issued2003en_US
dc.identifier.urihttp://hdl.handle.net/10419/22340-
dc.description.abstractThe present paper compares the distributional and risk-sharing consequences of two pension reform proposals in Germany which both aim to improve the sustainability of the current system by introducing demographic variables to the benefit calculation. While the first reform proposes a so-called "sustainability factor" which measures the changes in the dependency ratio, the second reform proposes a so-called "demographic factor" which takes into account the changes in life expectancy. Our simulations indicate that both reforms imply a double burden for currently middle-aged generations and a double relief for future living generations. On the one side, resources are redistributed from currently towards future living generations. In addition, part of the risk from demographic uncertainty is shifted from future living towards currently living middle-aged generations. The reforms differ, however, with respect to the magnitude of the resource distribution and risk implications. Therefore, future generations are much better of with the "sustainability factor", while it is not clear whether middle-aged generations are better off with the "demographic factor" or the "sustainability factor".en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesWürzburg economic papers 47en_US
dc.subject.jelD58en_US
dc.subject.jelJ11en_US
dc.subject.jelH55en_US
dc.subject.ddc330en_US
dc.subject.keywordStochastic population forecastsen_US
dc.subject.keywordCGE modelsen_US
dc.subject.keywordpension reform in Germanyen_US
dc.subject.stwRentenreformen_US
dc.subject.stwGesetzliche Rentenversicherungen_US
dc.subject.stwVersicherungstechniken_US
dc.subject.stwWirtschaftspolitische Wirkungsanalyseen_US
dc.subject.stwGenerationenbeziehungenen_US
dc.subject.stwAllgemeines Gleichgewichten_US
dc.subject.stwDeutschlanden_US
dc.subject.stwRentenformelen_US
dc.titlePension Reform and Demographic Uncertainty : The Case of Germanyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn380783835en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:wuewep:47-
Appears in Collections:W.E.P. - Würzburg Economic Papers, Lst. f. VWL, Geld u. internat. Wirtschaftsbeziehungen, Universität Würzburg

Files in This Item:
File Description SizeFormat
wep47.pdf183.08 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.