Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/47529 
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dc.contributor.authorFehr, Hansen
dc.date.accessioned2011-07-06T15:47:24Z-
dc.date.available2011-07-06T15:47:24Z-
dc.date.issued1998-
dc.identifier.piurn:nbn:de:bsz:21-opus-21484en
dc.identifier.urihttp://hdl.handle.net/10419/47529-
dc.description.abstractThis paper examines the distributional and efficiency effects of pension privatization in Germany. Starting from a benchmark that refects the current unfunded pension system, a fully funded system is introduced. The accrued benefits of the old system are financed by alternative tax combinations as well as deficit increases. The quantitative analysis is based on an Auerbach-Kotliko type simulation model that distinguishes between five lifetime income classes within each age cohort. The simulations reveal a clear trade-off between the efficiency and equity aspects of alternative financing schemes. While consumption taxes are the most efficient financing instrument, they also undermine intra- and intergenerational equity. Phasing-out the unfunded system on the other hand not only dampens the income redistribution across and within generations, but also reduces the efficiency gains dramatically.en
dc.language.isoengen
dc.publisher|aEberhard Karls Universität Tübingen, Wirtschaftswissenschaftliche Fakultät |cTübingenen
dc.relation.ispartofseries|aTübinger Diskussionsbeiträge |x148en
dc.subject.ddc330en
dc.subject.stwGesetzliche Rentenversicherungen
dc.subject.stwPrivatisierungen
dc.subject.stwKapitaldeckungsverfahrenen
dc.subject.stwRentenreformen
dc.subject.stwWohlfahrtseffekten
dc.subject.stwDeutschlanden
dc.titlePrivatization of public pensions in Germany: Who gains and how much?-
dc.typeWorking Paperen
dc.identifier.ppn796883750en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:tuedps:148en

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