A Model Under Siege

A Case Study of the German Retirement Insurance System

Dados Bibliográficos

ID9720095
AutoresAxel Börsch‐supan (0000-0003-0470-8850, University of Mannheim, CEPR and NBER, autor correspondente)
Ano2000
Volume110
Fascículo461
PáginasF24-F45
Data de publicação2000-02-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoThe Economic Journal (JOURNAL)
Identificadores do periódicoISSN: 0013-0133 • E-ISSN: 1468-0297
EditoraOxford University Press (OUP) (PUBLISHER)
DOI10.1111/1468-0297.00506
OpenAlexW2072657312
IdiomaEN
Citações recebidas11
Referências 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