A Model Under Siege

A Case Study of the German Retirement Insurance System

Datos Bibliográficos

ID9720095
AutoresAxel Börsch‐supan (0000-0003-0470-8850, University of Mannheim, CEPR and NBER, autor de correspondencia)
Año2000
Volumen110
Número461
PáginasF24-F45
Fecha de publicación2000-02-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaThe Economic Journal (JOURNAL)
Identificadores de la revistaISSN: 0013-0133 • E-ISSN: 1468-0297
EditorialOxford University Press (OUP) (PUBLISHER)
DOI10.1111/1468-0297.00506
OpenAlexW2072657312
IdiomaEN
Citas recibidas11
Referencias citadas3

This study evaluates the positive and negative features of the German public pension system and discusses three reasons for its increasing perceived and real difficulties: maturation, negative incentive effects, and the problems of demographic change. The German system in its current form may be able to limp through the coming decades but will cease to be the exemplary Bismarckian machine that has created generous retirement incomes at reasonable tax rates. Current policy proposals are insufficient and a few but incisive design changes and some degree of prefunding could rescue the many positive aspects of the German retirement insurance system

Actuarial science · Economics · German · German model · Incentive · Labour economics · Market economy · Pension · Pension system · Siege · Finance · Financial Literacy, Pension, Retirement Analysis · German Economic Analysis & Policies · Retirement, Disability, and Employment