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https://hdl.handle.net/10419/21201
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Bonin, Holger | en |
dc.date.accessioned | 2009-01-28T16:20:19Z | - |
dc.date.available | 2009-01-28T16:20:19Z | - |
dc.date.issued | 2001 | - |
dc.identifier.uri | http://hdl.handle.net/10419/21201 | - |
dc.description.abstract | In 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.iso | eng | en |
dc.publisher | |aInstitute for the Study of Labor (IZA) |cBonn | en |
dc.relation.ispartofseries | |aIZA Discussion Papers |x343 | en |
dc.subject.jel | F22 | en |
dc.subject.jel | E66 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Pension reform | en |
dc.subject.keyword | pension funding | en |
dc.subject.keyword | fiscal projections | en |
dc.subject.keyword | Germany | en |
dc.subject.stw | Gesetzliche Rentenversicherung | en |
dc.subject.stw | Rentenreform | en |
dc.subject.stw | Wirtschaftspolitische Wirkungsanalyse | en |
dc.subject.stw | Alterssicherung | en |
dc.subject.stw | Sozialversicherungsbeitrag | en |
dc.subject.stw | Sparen | en |
dc.subject.stw | Rendite | en |
dc.subject.stw | Prognose | en |
dc.subject.stw | Deutschland | en |
dc.title | Will it Last? An Assessment of the 2001 German Pension Reform | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 844096113 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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