Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/22340
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dc.contributor.authorHabermann, Christianen_US
dc.contributor.authorFehr, Hansen_US
dc.date.accessioned2009-01-29T14:57:18Z-
dc.date.available2009-01-29T14:57:18Z-
dc.date.issued2003en_US
dc.identifier.urihttp://hdl.handle.net/10419/22340-
dc.description.abstractThe present paper compares the distributional and risk-sharing consequences oftwo pension reform proposals in Germany which both aim to improve the sustainability of thecurrent system by introducing demographic variables to the benefit calculation. While the firstreform proposes a so-called "sustainability factor" which measures the changes in the dependencyratio, the second reform proposes a so-called "demographic factor" which takes into accountthe changes in life expectancy. Our simulations indicate that both reforms imply a doubleburden 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 towardscurrently living middle-aged generations. The reforms differ, however, with respect tothe magnitude of the resource distribution and risk implications. Therefore, future generationsare much better of with the "sustainability factor", while it is not clear whether middle-agedgenerations are better off with the "demographic factor" or the "sustainability factor".en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseries|aWürzburg economic papers |x47en_US
dc.subject.jelD58en_US
dc.subject.jelJ11en_US
dc.subject.jelH55en_US
dc.subject.ddc330en_US
dc.subject.keywordStochastic population forecastsen_US
dc.subject.keywordCGE modelsen_US
dc.subject.keywordpension reform in Germanyen_US
dc.subject.stwRentenreformen_US
dc.subject.stwGesetzliche Rentenversicherungen_US
dc.subject.stwVersicherungstechniken_US
dc.subject.stwWirtschaftspolitische Wirkungsanalyseen_US
dc.subject.stwGenerationenbeziehungenen_US
dc.subject.stwAllgemeines Gleichgewichten_US
dc.subject.stwDeutschlanden_US
dc.subject.stwRentenformelen_US
dc.titlePension Reform and Demographic Uncertainty : The Case of Germanyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn380783835en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:wuewep:47-

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