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Dynamisierung kapitalgedeckter Altersvorsorge

Author

Listed:
  • Uwe Fachinger
  • Harald Künemund
  • Martin Schulz
  • Katharina Unger

Abstract

On the basis of the annual reports of all the life insurance companies covered by the Federal Financial Supervisory Authority (BaFin), the adjustment of payments over the time period 2002 to 2012 is analysed for Germany. The analysis unveils large differences in the adjustment rates of the insurers, not only among companies but also over time. Therefore a steady income stream, a constant income level and the reliability of payments are not ensured for policy holders. In general, the adjustments lead to increasing inequality of income during retirement and rising income heterogeneity in private households. Even worse, these forms of income provision during retirement are not able to compensate for the reduction in the benefit level of statutory old age provision in Germany. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2013

Suggested Citation

  • Uwe Fachinger & Harald Künemund & Martin Schulz & Katharina Unger, 2013. "Dynamisierung kapitalgedeckter Altersvorsorge," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 93(10), pages 686-694, October.
    • Handle: RePEc:spr:wirtsc:v:93:y:2013:i:10:p:686-694
    DOI: 10.1007/s10273-013-1584-3
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    Cited by:

    1. Uwe Fachinger & Harald Künemund, 2014. "Stabilität des Versorgungsniveaus nach dem Paradigmenwechsel," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 83(2), pages 33-47.

    More about this item

    Keywords

    D31; J32; H55;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

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