Raising the Retirement Age – Why Should Anybody Lose? / Anhebung des Rentenzugangsalters – Muss es Verlierer geben?

Autor:	Georg Hirte, Ingolstadt
Rok vydání:	1999
Předmět:	Computable general equilibrium Economics and Econometrics Labour economics Compensation (psychology) Public pension Economics General Business Management and Accounting Social Sciences (miscellaneous) Retirement age
Zdroj:	Jahrbücher für Nationalökonomie und Statistik. 219:393-408
ISSN:	2366-049X 0021-4027
Popis:	Summary This paper questions the view that a rise of the retirement age does not reduce the financial problems of a pay-as-you-go public pension system if individuals receive compensations for additional years spent in the labor force. It is shown that rather utility compensation is required than actuarial compensation. As the former is lower it creates an opportunity to raise the retirement age in a Pareto-improving way. By performing a dynamic CGE analysis for Germany, a compensation scheme is derived which is not only Pareto-improving but leads to a large reduction of the contribution rates.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::cc0a6be5f4a85f0685795a469ba2c405 https://doi.org/10.1515/jbnst-1999-3-426 Zobrazit plný text záznamu