| Sinn, Hans-Werner (1997): The Value of Children and Immigrants in a Pay-As-You-Go Pension System: A Proposal For a Partial Transition to a Funded System. Discussion Paper / Centre for Economic Policy Research (CEPR), 1734 |
Full text not available from 'Open Access LMU'.
External fulltext: http://www.cepr.org/pubs/dps/DP1734.asp
Abstract
It is shown that the net fiscal externality created by an additional member of a pay-as-you-go-pension system that is endowed with individual accounts equals the gross contributions of this member. In Germany, this equals about 175,000 Deutsche marks. The paper uses this information to design a hybrid funded system that avoids this externality and improves the public pension system under equity and efficiency considerations. ; Children; Immigration; Pay-As-You-Go; Pension Systems
| Item Type: | Paper (Discussion Paper) |
|---|---|
| Faculties: | Economics Economics > Chairs > Chair for Public Economics |
| Subjects: | 300 Social sciences > 330 Economics |
| Language: | English |
| ID Code: | 19855 |
| Deposited On: | 15. Apr 2014 08:54 |
| Last Modified: | 29. Apr 2016 09:17 |
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