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dc.contributor.authorFehr, Hansen_US
dc.date.accessioned2011-07-06T15:47:24Z-
dc.date.available2011-07-06T15:47:24Z-
dc.date.issued1998en_US
dc.identifier.piurn:nbn:de:bsz:21-opus-21484en_US
dc.identifier.urihttp://hdl.handle.net/10419/47529-
dc.description.abstractThis paper examines the distributional and efficiency effects of pension privatization in Germany. Starting from a benchmark that refects the current unfunded pension system, a fully funded system is introduced. The accrued benefits of the old system are financed by alternative tax combinations as well as deficit increases. The quantitative analysis is based on an Auerbach-Kotliko type simulation model that distinguishes between five lifetime income classes within each age cohort. The simulations reveal a clear trade-off between the efficiency and equity aspects of alternative financing schemes. While consumption taxes are the most efficient financing instrument, they also undermine intra- and intergenerational equity. Phasing-out the unfunded system on the other hand not only dampens the income redistribution across and within generations, but also reduces the efficiency gains dramatically.en_US
dc.language.isoengen_US
dc.publisherWirtschaftswiss. Seminar Tübingenen_US
dc.relation.ispartofseriesTübinger Diskussionsbeiträge 148en_US
dc.subject.ddc330en_US
dc.subject.stwGesetzliche Rentenversicherungen_US
dc.subject.stwPrivatisierungen_US
dc.subject.stwKapitaldeckungsverfahrenen_US
dc.subject.stwRentenreformen_US
dc.subject.stwWohlfahrtseffekten_US
dc.subject.stwDeutschlanden_US
dc.titlePrivatization of public pensions in Germany: Who gains and how much?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn251236145en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:tuedps:148-
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