How an Unfunded Pension System looks like Defined Benefits but works like Defined Contributions: The German Pension Reform

Börsch-Supan, Axel ; Reil-Held, Anette ; Wilke, Christina Benita

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URN: urn:nbn:de:bsz:180-madoc-15606
Document Type: Working paper
Year of publication: 2007
The title of a journal, publication series: None
Publication language: English
Institution: School of Law and Economics > Sonstige - Fakultät für Rechtswissenschaft und Volkswirtschaftslehre
MADOC publication series: Veröffentlichungen des MEA (Mannheim Research Institute For the Economics of Aging) > MEA Discussion Papers
Subject: 300 Social sciences, sociology, anthropology
Subject headings (SWD): Rentenreform , Rentenversicherung , Umlageverfahren , Deutschland
Individual keywords (German): 1992-2007
Abstract: This paper describes the German pension reform process 1992-2007 with a stress on a remark-able development: the public pay-as-you-go-financed pension system has almost silently moved from a traditional defined benefit system to a system which works in many respects like a defined contribution system. The paper combines economic with political considerations, hopefully offering a few lessons that are useful also for other countries.
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Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.

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