Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/95248
Authors: 
Homburg, Stefan
Year of Publication: 
1997
Citation: 
[Editor:] Giersch, Herbert [Title:] Reforming the Welfare State [ISBN:] 3-540-61493-1 [Publisher:] Springer [Place:] Berlin [Pages:] 233-246
Abstract: 
The paper evaluates the theoretical literature on public pension schemes. First, the terms pay-as-you-go and capital reserve are made precise. These two systems are then compared, followed by a consideration of their efficiency properties. Thereafter conversion policies are discussed.
Abstract (Translated): 
Der Artikel bewertet die theoretische Literatur zur Gesetzlichen Rentenversicherung. Er vergleicht das Umlageverfahren und das Kapitaldeckungsverfahren, betrachtet deren Effizienzeigenschaften und diskutiert die Möglichkeit der Umwandlung eines Umlageverfahrens in ein Kapitaldeckungsverfahren.
Subjects: 
Pay-as-you-go
Public pensions
JEL: 
H55
Document Type: 
Book Part

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