Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/22340 
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dc.contributor.authorHabermann, Christianen
dc.contributor.authorFehr, Hansen
dc.date.accessioned2009-01-29T14:57:18Z-
dc.date.available2009-01-29T14:57:18Z-
dc.date.issued2003-
dc.identifier.urihttp://hdl.handle.net/10419/22340-
dc.description.abstractThe present paper compares the distributional and risk-sharing consequences of two pension reform proposals in Germany which both aim to improve the sustainability of the current system by introducing demographic variables to the benefit calculation. While the first reform proposes a so-called "sustainability factor" which measures the changes in the dependency ratio, the second reform proposes a so-called "demographic factor" which takes into account the changes in life expectancy. Our simulations indicate that both reforms imply a double burden for currently middle-aged generations and a double relief for future living generations. On the one side, resources are redistributed from currently towards future living generations. In addition, part of the risk from demographic uncertainty is shifted from future living towards currently living middle-aged generations. The reforms differ, however, with respect to the magnitude of the resource distribution and risk implications. Therefore, future generations are much better of with the "sustainability factor", while it is not clear whether middle-aged generations are better off with the "demographic factor" or the "sustainability factor".en
dc.language.isoengen
dc.publisher|aUniversity of Würzburg, Department of Economics |cWürzburgen
dc.relation.ispartofseries|aW.E.P. - Würzburg Economic Papers |x47en
dc.subject.jelD58en
dc.subject.jelJ11en
dc.subject.jelH55en
dc.subject.ddc330en
dc.subject.keywordStochastic population forecastsen
dc.subject.keywordCGE modelsen
dc.subject.keywordpension reform in Germanyen
dc.subject.stwRentenreformen
dc.subject.stwGesetzliche Rentenversicherungen
dc.subject.stwVersicherungstechniken
dc.subject.stwWirtschaftspolitische Wirkungsanalyseen
dc.subject.stwGenerationenbeziehungenen
dc.subject.stwAllgemeines Gleichgewichten
dc.subject.stwDeutschlanden
dc.subject.stwRentenformelen
dc.titlePension Reform and Demographic Uncertainty: The Case of Germany-
dc.typeWorking Paperen
dc.identifier.ppn380783835en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:wuewep:47en

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