How Much is Transfer and How Much is Insurance in a Pay-as-you-go System? The German Case

Autor:	Anette Reil-Held, Axel Börsch-Supan
Rok vydání:	2001
Předmět:	German Economics and Econometrics Pension Labour economics Incentive Poverty Pay as you go Transfer (computing) Public pension language Economics Redistribution (cultural anthropology) language.human_language
Zdroj:	Scandinavian Journal of Economics. 103:505-524
ISSN:	1467-9442 0347-0520
DOI:	10.1111/1467-9442.00257
Popis:	Pay-as-you-go pension systems provide insurance against longevity-related old-age poverty and related risks. They are commonly also used as instruments for redistribution. This paper provides several estimates of the insurance and transfer share of the German public pension system. Estimating these shares is important because they are indicative of taxation-related deadweight losses and influence public acceptance of the pension system. We also disentangle intragenerational from intergenerational transfers. Although our estimate of intragenerational transfers is smaller than recent semi-official estimations, such transfers create substantial deadweight losses. Intergenerational transfers are much larger, thereby contributing to strong negative participation incentives for the younger generation. JEL classification: H55; J26
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::fb28ad784d58e642569e4b12cd8afb7e https://doi.org/10.1111/1467-9442.00257 Zobrazit plný text záznamu Plný text ve formátu PDF