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"Generation Enkellos" und Rentenbeitragsrabatt fur Eltern = The "childless generation" and pension contribution rebate for the elderly. Bruegel Third-Party Papers, May 2006

Fenge, Robert and von Weizsacker, Jakob. (2006) "Generation Enkellos" und Rentenbeitragsrabatt fur Eltern = The "childless generation" and pension contribution rebate for the elderly. Bruegel Third-Party Papers, May 2006. [Policy Paper]

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    Abstract

    Jakob von Weizsäcker and Robert Fenge argue that there are two main effects of today's low fertility rates. It is well known that they will lead to lower pay-as-you-go pensions in the future. At the same time, lower fertility today increases today’s pensions since people without children work more and therefore pay higher pension contributions. Weizsäcker and Fenge estimate that the second effect boosts German public pensions by 6 percent. Since this windfall was unexpected and unintended, they propose to eliminate it and transfer the funds to young families with children instead.

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    Item Type: Policy Paper
    Uncontrolled Keywords: Pensions.
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > social policy > welfare state
    Countries > Germany
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Bruegel (Brussels) > Third-party Papers
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: German
    Date Deposited: 03 Jul 2008
    Page Range: p. 8
    Last Modified: 15 Feb 2011 17:53
    URI: http://aei.pitt.edu/id/eprint/8397

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