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Ein sanft paternalistischer Vorschlag zur Lösung des Rentenproblems

Author

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  • Andreas Knabe
  • Joachim Weimann

Abstract

The ageing of the German population will necessarily reduce the pension levels provided by the German pay-as-you-go public pension insurance. The pension reforms of the last decade aimed at encouraging savings in private, fully-funded pension insurances (through tax advantages and subsidies). However, only a minority of Germans has decided to make use of these opportunities. We propose to strengthen this type of old-age provision by using insights from behavioural economics. The default should be changed so that everyone saves in a funded pension scheme unless actively deciding to opt out. The default investment should be a government pension fund that competes with private pension funds. We argue that this policy will boost retirement savings without interfering with individuals’ freedom of choice. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2015

Suggested Citation

  • Andreas Knabe & Joachim Weimann, 2015. "Ein sanft paternalistischer Vorschlag zur Lösung des Rentenproblems," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 95(10), pages 701-709, October.
    • Handle: RePEc:spr:wirtsc:v:95:y:2015:i:10:p:701-709
    DOI: 10.1007/s10273-015-1890-z
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    Cited by:

    1. Clemens Fuest & Christa Hainz & Volker Meier & Martin Werding & Giacomo Corneo & Hans Peter Grüner & Dennis Huchzermeier & Bert Rürup & Andreas Knabe & Joachim Weimann & Christine Bortenlänger & Donat, 2019. "Staatsfonds für eine effiziente Altersvorsorge: Welche innovativen Lösungen sind möglich?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 72(14), pages 03-24, July.

    More about this item

    Keywords

    H55; J26; J32;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions

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