The German Retirement Benefit Formula : Drawbacks and Alternatives

Cite This

Files in this item

Files Size Format View

There are no files associated with this item.

BREYER, Friedrich, Mathias KIFMANN, 2004. The German Retirement Benefit Formula : Drawbacks and Alternatives. In: FinanzArchiv. 60(1), pp. 63-82. ISSN 0015-2218. eISSN 1614-0974

@article{Breyer2004Germa-33475, title={The German Retirement Benefit Formula : Drawbacks and Alternatives}, url={http://www.jstor.org/stable/40913028}, year={2004}, number={1}, volume={60}, issn={0015-2218}, journal={FinanzArchiv}, pages={63--82}, author={Breyer, Friedrich and Kifmann, Mathias} }

<rdf:RDF xmlns:dcterms="http://purl.org/dc/terms/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:bibo="http://purl.org/ontology/bibo/" xmlns:dspace="http://digital-repositories.org/ontologies/dspace/0.1.0#" xmlns:foaf="http://xmlns.com/foaf/0.1/" xmlns:void="http://rdfs.org/ns/void#" xmlns:xsd="http://www.w3.org/2001/XMLSchema#" > <rdf:Description rdf:about="https://kops.uni-konstanz.de/rdf/resource/123456789/33475"> <foaf:homepage rdf:resource="http://localhost:8080/jspui"/> <void:sparqlEndpoint rdf:resource="http://localhost/fuseki/dspace/sparql"/> <dc:creator>Kifmann, Mathias</dc:creator> <dcterms:isPartOf rdf:resource="https://kops.uni-konstanz.de/rdf/resource/123456789/46"/> <dc:contributor>Kifmann, Mathias</dc:contributor> <dc:language>eng</dc:language> <dc:contributor>Breyer, Friedrich</dc:contributor> <dc:date rdf:datatype="http://www.w3.org/2001/XMLSchema#dateTime">2016-03-29T08:15:32Z</dc:date> <dspace:isPartOfCollection rdf:resource="https://kops.uni-konstanz.de/rdf/resource/123456789/46"/> <dcterms:issued>2004</dcterms:issued> <dcterms:abstract xml:lang="eng">We identify several objectionable features of the German retirement benefit formula. Groups of insureds with higher than average life expectancy are subsidized by the rest of the members because the formula neglects differences in group-specific life expectancy. Moreover, undesirable long-run effects arise if the earnings ceiling is raised or mandatory membership is extended, or if life expectancy rises or the rate of population growth declines. We present three alternative formulas. In particular, a return-rate formula that rewards contributions with the internal rate of return of the pay-as-you-go pension system is superior to the current formula. This formula corresponds to the concept of ''notional defined contribution'' pensions that has been recently introduced in several countries.</dcterms:abstract> <bibo:uri rdf:resource="https://kops.uni-konstanz.de/handle/123456789/33475"/> <dcterms:title>The German Retirement Benefit Formula : Drawbacks and Alternatives</dcterms:title> <dcterms:available rdf:datatype="http://www.w3.org/2001/XMLSchema#dateTime">2016-03-29T08:15:32Z</dcterms:available> <dc:creator>Breyer, Friedrich</dc:creator> </rdf:Description> </rdf:RDF>

This item appears in the following Collection(s)

Search KOPS


Browse

My Account