Warianty tytułu
Języki publikacji
Abstrakty
On the one hand, the German statutory pension system (Gesetzliche Rentenversicherung) is famous for its generosity; but, on the other hand, population ageing and its negative consequences on a pay-as-you-go (PAYG) pension system will be especially significant in Germany. (...) This paper gives an overview of the pension system in Germany, the reform debate, and the structures and consequences of the reform that actually took place. It is important to recognize that the German pension system is not only an old-age system. It also includes disability payments and some health prevention schemes. (...) The starting point for this paper is the insight that there is no "escape" from the burden which comes through the ageing of populations, but that a multipolar system is better than a PAYG system in handling these problems. The discussion will focus on the problems of partially funded old-age retirement payments because this is the most challenging feature of the reform. It is important to note, however, that measures for increasing the effective age of retirement, reforming widows' payments and other kinds of redistribution elements, and, last but not least, the rules for paying contributions, are also extremely important keystones of a reform package. Section II of this paper presents an brief overview of the old-age security system in Germany and its structure at the end of the 1990s (before the reform of 2001). Section III summarizes the reasons for the reform debate. Section IV describes and evaluates the actual reform. Finally, Section V summarizes our discussion of the pension reform. (fragment of text)
Rocznik
Tom
Numer
Strony
27--37
Opis fizyczny
Twórcy
autor
- Berlin University of Technology; German Institute for Economic Research
Bibliografia
- Boersch-Supan, A. (2000) "A Model Under Siege: A Case Study of the German Retirement Insurance System". The Economic Journal 110
- Breyer, F. (2001) "Why Funding is Not a Solution to the 'Social Security Crisis'". DIW Discussion Paper No. 254. Berlin: German Institute for Economic Research (DIW)
- Burtless, G. (2000) "Social Security Privatization and Financial Market Risk: Lessons from US Financial History". DIW Discussion Paper No. 211. Berlin: German Institute for Economic Research (DIW)
- Fehr, H. and Jess, H. (2001) "Gewinner und Verlierer der aktuellen Rentenreform". Die Angestellten Versicherung (DAngVers) 5/6
- Holzmann, R. (1999) "The World Bank Approach to Pension Reform". World Bank Discussion Paper No. 9807. Washington DC: The World Bank
- Holzmann, R. (2000) "Can Investments in Emerging Markets Help to Solve the Aging Problem?". World Bank Discussion Paper No. 0010. Washington DC: The World Bank
- Kirner, E., Meinhardt, V. and Wagner, G. G. (2000) "Problems of Providing Income Security in Old Age Cannot be Solved Merely by Changing the Mode of Financing". Economic Bulletin 37: 9
- Konrad, K. A. and Wagner, G. G. (forthcoming) "Reform of the Public Pension System in Germany" in T. Ihori and T. Tachibanaki (eds) Social Security Reform in Advanced Countries. London
- Schnabel, R. (2001) Die Rentenreform 2001? Gutachten zur Rentabilitaet, Generationengerechtigkeit und den wirtschaftlichen Annahmen der Regierung. Frankfurt am Main: Deutsches Institut fuer Altersvorsorge
- Wagner, G. G., Kirner, E., Leinert, J. and Meinhardt, V. (2000) "Fully-funded Insurance - No Panacea for Social Security for the Elderly". Economic Bulletin 36: 1
Typ dokumentu
Bibliografia
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bwmeta1.element.ekon-element-000171319741