The German Retirement Benefit Formula : Drawbacks and Alternatives


Dateien zu dieser Ressource

Dateien Größe Format Anzeige

Zu diesem Dokument gibt es keine Dateien.

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={}, year={2004}, number={1}, volume={60}, issn={0015-2218}, journal={FinanzArchiv}, pages={63--82}, author={Breyer, Friedrich and Kifmann, Mathias} }

<rdf:RDF xmlns:dcterms="" xmlns:dc="" xmlns:rdf="" xmlns:bibo="" xmlns:dspace="" xmlns:foaf="" xmlns:void="" xmlns:xsd="" > <rdf:Description rdf:about=""> <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=""/> <dc:contributor>Kifmann, Mathias</dc:contributor> <dc:language>eng</dc:language> <dc:contributor>Breyer, Friedrich</dc:contributor> <dc:date rdf:datatype="">2016-03-29T08:15:32Z</dc:date> <dspace:isPartOfCollection rdf:resource=""/> <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=""/> <dcterms:title>The German Retirement Benefit Formula : Drawbacks and Alternatives</dcterms:title> <dcterms:available rdf:datatype="">2016-03-29T08:15:32Z</dcterms:available> <dc:creator>Breyer, Friedrich</dc:creator> </rdf:Description> </rdf:RDF>

Das Dokument erscheint in:

KOPS Suche


Mein Benutzerkonto