Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/38835
Authors: 
Häcker, Jasmin
Raffelhüschen, Bernd
Year of Publication: 
2005
Series/Report no.: 
Diskussionsbeiträge // Institut für Finanzwissenschaft der Albert-Ludwigs-Universität Freiburg im Breisgau 137
Abstract: 
Presuming an ageing population, every introduction of a pay-as-you-go scheme causes intergenerational redistribution in favor of the first generations and to the burden of young and future generations. Using the concept of internal rates of return we want to examine the extent to which the first generations drew an introductory benefit from the implementation of the German statutory long-term care insurance as an unfunded system. Furthermore, a comparison between the internal rates of return will show firstly to what extent different generations are burdened by having to redeem the implicit debt, and secondly which generations are involved in paying back the introductory gain.
Subjects: 
long-term care insurance
internal rate of return
demography
JEL: 
I18
J10
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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