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dc.contributor.authorHolzmann, Roberten_US
dc.contributor.authorJousten, Alainen_US
dc.date.accessioned2011-06-28en_US
dc.date.accessioned2011-11-23T11:37:46Z-
dc.date.available2011-11-23T11:37:46Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/51845-
dc.description.abstractThe paper provides a framework for the conceptualization, definition and estimation of legacy costs that need to be addressed in a reform that transforms an unfunded defined contribution (NDB) scheme into a notional (or non-financial) defined contribution (NDC) scheme. As the new contribution rate is fixed and, perhaps, reduced, paying for the accrued to date liabilities leaves a financing gap that needs to be estimated and financed, best outside the pension system if a less distorting financing form is available. The paper illustrates the proposed measurement approach with broad estimates under a hypothetical NDC reform in China.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesDiscussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5296en_US
dc.subject.jelH55en_US
dc.subject.jelH68en_US
dc.subject.jelJ21en_US
dc.subject.jelJ26en_US
dc.subject.ddc330en_US
dc.subject.keywordlegacy costsen_US
dc.subject.keywordpension reformen_US
dc.subject.keywordNDCen_US
dc.subject.keywordcoverage expansionen_US
dc.subject.stwRentenreformen_US
dc.subject.stwGesetzliche Rentenversicherungen_US
dc.subject.stwUmlageverfahrenen_US
dc.subject.stwKapitaldeckungsverfahrenen_US
dc.subject.stwRentenfinanzierungen_US
dc.subject.stwKostenen_US
dc.subject.stwTheorieen_US
dc.subject.stwSimulationen_US
dc.subject.stwChinaen_US
dc.titleAddressing the legacy costs in an NDC reform: Conceptualization, measurement, financingen_US
dc.typeWorking Paperen_US
dc.identifier.ppn663229030en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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