Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/21201 
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dc.contributor.authorBonin, Holgeren
dc.date.accessioned2009-01-28T16:20:19Z-
dc.date.available2009-01-28T16:20:19Z-
dc.date.issued2001-
dc.identifier.urihttp://hdl.handle.net/10419/21201-
dc.description.abstractIn May 2001, Germany adopted a fundamental pension reform cutting back public pensionsand introducing personal pension accounts. The paper critically reviews the reform decisionsand evaluates their long-term viability. It is shown that the adjustment of the Public PensionScheme misses the proclaimed contribution rate and replacement ratio targets already undermoderate economic conditions. However, the new private pension plans provide scope forfurther downsizing state pensions, necessary beyond 2025. As the enacted savings ratetarget is conservative, individual pensions keep retirement income sufficient even if returns topension funds are low due to legal restrictions on savings vehicles.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x343en
dc.subject.jelF22en
dc.subject.jelE66en
dc.subject.ddc330en
dc.subject.keywordPension reformen
dc.subject.keywordpension fundingen
dc.subject.keywordfiscal projectionsen
dc.subject.keywordGermanyen
dc.subject.stwGesetzliche Rentenversicherungen
dc.subject.stwRentenreformen
dc.subject.stwWirtschaftspolitische Wirkungsanalyseen
dc.subject.stwAlterssicherungen
dc.subject.stwSozialversicherungsbeitragen
dc.subject.stwSparenen
dc.subject.stwRenditeen
dc.subject.stwPrognoseen
dc.subject.stwDeutschlanden
dc.titleWill it Last? An Assessment of the 2001 German Pension Reform-
dc.typeWorking Paperen
dc.identifier.ppn844096113en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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