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Linking retirement age to life expectancy in a Bismarckian system : the case of Germany

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Vogt, Valentin ; Althammer, Jörg:
Linking retirement age to life expectancy in a Bismarckian system : the case of Germany.
National Institute of Economic and Social Research
London, 2016. - 18 S. - (NIESR Discussion paper ; 465)

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Kurzfassung/Abstract

In times of decreasing mortality, one way to stabilise a PAYG pension system is to interrelate the retirement age to the anticipated average lifespan. This paper investigates two approaches for Germany: one is to keep the average retirement duration constant, the other to define a constant share of the total lifespan for the retirement period. Our simulation model uses a Leslie matrix population projection, a Solow-Swan growth model and a detailed calculation of the German pension insurance budget. Our results show quite a significant impact on the insurance level and a rather small effect on the contribution rate, which is characteristic of a Bismarckian system.

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Publikationsform:Preprint, Working paper, Diskussionspapier
Institutionen der Universität:Wirtschaftswissenschaftliche Fakultät > Ethik > Wirtschaftsethik und Sozialpolitik
Titel an der KU entstanden:Ja
KU.edoc-ID:19166
Eingestellt am: 26. Apr 2017 13:48
Letzte Änderung: 01. Dez 2023 09:42
URL zu dieser Anzeige: https://edoc.ku.de/id/eprint/19166/
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