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| Author: | Sinn, H-W. |
| Title: | The value of children and immigrants in a pay-as-you-go pension system: a proposal for a partial transition to a funded system |
| Journal: | IFO-Studien
2001 : VOL. 47:1, p. 77-94 |
| Index terms: | CRISES FUNDS PENSION SCHEMES |
| Language: | eng |
| Abstract: | The crisis of the pension system is a demographic crisis. It results from a lack of new people who could pay for the pensions of the old. This paper describes a reform of the pension system which can help overcome justice and incentive problems associated with the pay-as-you-go (PAYGO) system. |
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