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Author: | Börsch-Supan, A. Reil-Held, A. |
Title: | How much is transfer and how much is insurance in a pay-as-you-go system? The German case |
Journal: | Scandinavian Journal of Economics
2001 : VOL. 103:3, p. 505-524 |
Index terms: | INSURANCE PENSION SCHEMES RETIREMENT TRANSFER PAYMENTS GERMANY |
Language: | eng |
Abstract: | Pay-as-you-go pension systems provide insurance against longevity-related old-age poverty and related risks. The are commonly also used as instruments for redistribution. This paper provides several estimates of the insurance and transfer share of the German public pension system. |
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