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Linking retirement age to life expectancy in a Bismarckian system - the case of Germany

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Vogt, Valentin ; Althammer, Jörg:
Linking retirement age to life expectancy in a Bismarckian system - the case of Germany.
National Institute of Economic and Social Research
London, 2016. - 18 S. - (NIESR Discussion paper ; 465)

Volltext

Link zum Volltext (externe URL): http://www.niesr.ac.uk/sites/default/files/publica...

Kurzfassung/Abstract

In times of decreasing mortality, one way to stabilise a PAYG pension system is to interrelate the retirement age to the anticipated average lifespan. This paper investigates two approaches for Germany: one is to keep the average retirement duration constant, the other to define a constant share of the total lifespan for the retirement period. Our simulation model uses a Leslie matrix population projection, a Solow-Swan growth model and a detailed calculation of the German pension insurance budget. Our results show quite a significant impact on the insurance level and a rather small effect on the contribution rate, which is characteristic of a Bismarckian system.

Weitere Angaben

Publikationsform:Preprint, Working paper, Diskussionspapier
Institutionen der Universität:Wirtschaftswissenschaftliche Fakultät > Ethik > Lehrstuhl für Wirtschaftsethik und Sozialpolitik
Titel an der KU entstanden:Ja
Eingestellt am:26. Apr 2017 13:48
Letzte Änderung:26. Apr 2017 13:48
URL zu dieser Anzeige:http://edoc.ku-eichstaett.de/19166/