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2003•Palgrave Macmillan BooksRequires access

A dynamic model of the German pension reform

András Simonovits

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Abstract

The German pension system has already played an important role in the discussion as a well-designed proportional unfunded system (see especially Chapter 4). We have already mentioned that this system also needs reform, above all for demographic reasons. This chapter will survey a dynamic model of German pension reform by Fehr (2000), with a particular emphasis on taxation and income distribution. Due to its complexities, we cannot reproduce the details.

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What this paper is about

The German pension system has already played an important role in the discussion as a well-designed proportional unfunded system (see especially Chapter 4). We have already mentioned that this system also needs reform, above all for demographic reasons. This chapter will survey a dynamic model of German pension reform by Fehr (2000), with a particular emphasis on taxation and income distribution. Due to its complexities, we cannot reproduce the details.

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Available abstract

The German pension system has already played an important role in the discussion as a well-designed proportional unfunded system (see especially Chapter 4). We have already mentioned that this system also needs reform, above all for demographic reasons. This chapter will survey a dynamic model of German pension reform by Fehr (2000), with a particular emphasis on taxation and income distribution. Due to its complexities, we cannot reproduce the details.

Key concepts: German, Pension, Pension system, Economics, Macroeconomics, Labour economics, Finance, Geography

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