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Umlagesystem versus Kapitaldeckung in der Alterssicherung

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  • Siebert, Horst

Abstract

Das Umlage- und das Kapitaldeckungsverfahren werden verglichen. Das Kapitaldeckungsverfahren hat eine größere Rendite für den einzelnen und bringt gesamtwirtschaftliche Effizienzgewinne mit sich: Es wird mehr Kapital gebildet, und Verzerrungen am Arbeitsmarkt werden beseitigt. Bei einem Übergang müssen die Altansprüche aus dem Umlagesystem honoriert werden. Übergangsszenarien werden explizit untersucht. Langfristig ist damit zu rechnen, daß das Kapitaldeckungsverfahren eine größere Bedeutung gewinnt.

Suggested Citation

  • Siebert, Horst, 1997. "Umlagesystem versus Kapitaldeckung in der Alterssicherung," Kiel Working Papers 817, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:817
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    References listed on IDEAS

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    1. Laurence J. Kotlikoff, 1996. "Privatization of Social Security: How It Works and Why It Matters," NBER Chapters, in: Tax Policy and the Economy, Volume 10, pages 1-32, National Bureau of Economic Research, Inc.
    2. Homburg, Stefan, 1988. "Theorie der Alterssicherung: Kapitel 1. Einleitung," EconStor Books, ZBW - Leibniz Information Centre for Economics, number 92902, September.
    3. Paul A. Samuelson, 1958. "An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money," Journal of Political Economy, University of Chicago Press, vol. 66(6), pages 467-467.
    4. repec:mhr:btrord:urn:isbn:9783163450387 is not listed on IDEAS
    5. Feldstein, Martin S, 1974. "Social Security, Induced Retirement, and Aggregate Capital Accumulation," Journal of Political Economy, University of Chicago Press, vol. 82(5), pages 905-926, Sept./Oct.
    6. Olivier Jean Blanchard & Stanley Fischer, 1989. "Lectures on Macroeconomics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262022834, April.
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    Cited by:

    1. Borchardt, Katja & Farhauer, Oliver, 2003. "Kapitaldeckung als Antwort auf die demographische Herausforderung?," Discussion Papers 2003/6, Technische Universität Berlin, School of Economics and Management.

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    More about this item

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

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