Demographics and volatile social security wealth political risks of benefit rule changes in Germany

Literaturverz. S. 36 - 39

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Bibliographische Detailangaben
1. Verfasser:	Borgmann, Christoph (VerfasserIn)
Weitere Verfasser:	Heidler, Matthias (VerfasserIn)
Format:	UnknownFormat
Sprache:	eng
Veröffentlicht:	Munich Univ., Center for Economic Studies u.a. 2003
Schriftenreihe:	CESifo working paper series Public finance 1021
Schlagworte:	1957-2001 > Gesetzliche Rentenversicherung > Versicherungsmathematik > Rentenpolitik > Flexible Altersgrenze > Intergenerationale Übertragung > Deutschland > Alternde Bevölkerung > Rentenformel > Arbeitspapier > Graue Literatur
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Beschreibung
Zusammenfassung:	Literaturverz. S. 36 - 39 In this paper we address the question how the generosity of the benefit rule of the German public pension system has changed during the past three decades and how this development can be explained by demographic changes. Firstly, we illustrate the political risk of benefit rule changes for individuals. We find that depending on the birth year and the considered scenario the relative losses vary between 30 and nearly 60 percent. Secondly, we estimate how demographic developments have triggered these changes in generosity. Our results suggest that future developments of the old-age dependency ratio have an influence on the determination of generosity.
Beschreibung:	Internetausg.: http://www.cesifo.de/~DocCIDL/cesifo1_wp1021.pdf
Beschreibung:	39 S graph. Darst