Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/83651 
Year of Publication: 
2013
Series/Report no.: 
Arbeitspapier No. 03/2013
Publisher: 
Sachverständigenrat zur Begutachtung der Gesamtwirtschaftlichen Entwicklung, Wiesbaden
Abstract (Translated): 
There is an intensive debate about old-age poverty in Germany that has induced political parties to develop proposals for higher pensions of poor pensioners in light of the federal elections of September 2013. In addition, several proposals from economists aim at reforming the pension system in a way that mitigates old-age poverty. In this paper, we consider these proposals in a computable general equilibrium model in order to derive their effects on the income distribution, on employment, on the capital stock and on GDP. Our results indicate that negative employment, capital and GDP effects are induced by such reforms as compared to the alternative of basic means-tested social welfare in old-age. Moreover, the strongest beneficiaries would be the currently higher age employees with low in-come and much less the respective younger employees, while younger and higher age employees with high and medium incomes will lose.
Document Type: 
Working Paper

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