Qualitative und quantitative Aspekte einer Elternrente?
In: List Forum Band 31
AbstractOn efficiency grounds, a social contract can be justified if not only a person payments but also the funding of education is taken into account. By introducing a pay-as-you system, which is type of implicit social contract, each young generation can overcome its liquidity problems with regard to the finacing of education and each older generation gains an attractive investment opportunity as funding human capital offers higer returns and allows for an additional diversification of risks. As the marginal returns of education are decreasing, however, pension entitlements should be made contingent on educational investments and on the number of children. Given the tax-financed provision of education in Germany, especially the introduction of child pensions promises efficiency gains for the statutory pension system. Additionally, it is shown how children pensions can be quantified. With reference to the concept of fiscal returns to education a relationship between child-rearing, education and income can be established. As the calculations suggest, one third of all pension entitlements in the German statutory pension scheme should be granted to the number of children. Finally, the article shows how the institutional setting of the German pension system has to be changed in order to implement a child pension.(Original text only available in german language)
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
This chapter was published in:
This item is provided by List Gesellschaft e.V. in its series List Forum Chapter with number 31-13.
Contact details of provider:
Postal: Westfälische Wilhelms-Universität, Am Stadtgraben 9, D - 48143 Münster
Phone: + 49 (0) 2 51 - 83 2 29 04
Fax: + 49 (0) 2 51 - 83 2 83 95
Web page: http://www.list-gesellschaft.de
More information through EDIRC
Other versions of this item:
- Michael Voigtländer, 2005. "Qualitative und quantitative Aspekte einer Elternrente," Otto-Wolff-Institut Discussion Paper Series 02/2005, Otto-Wolff-Institut für Wirtschaftsordnung, Köln, Deutschland.
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ab O, G. & Mahieu, G. & Patxot, C., 2004.
"On the optimality of PAYG pension systems in an endogenous fertility setting,"
Journal of Pension Economics and Finance,
Cambridge University Press, vol. 3(01), pages 35-62, March.
- G. ABIO & Géraldine MAHIEU & C. Patxot, 2002. "On the Optimality of PAYG Pension Systems in an Endogenous Fertility Setting," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2002006, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- G. Abío & Geraldine Mahieu & Cio Patxot, 2003. "On the Optimality of PAYG Pension Systems in an Endogenous Fertility Setting," CESifo Working Paper Series 1050, CESifo Group Munich.
- Psacharopoulos, George & Patrinos, Harry Anthony, 2002.
"Returns to investment in education : a further update,"
Policy Research Working Paper Series
2881, The World Bank.
- George Psacharopoulos & Harry Anthony Patrinos, 2004. "Returns to investment in education: a further update," Education Economics, Taylor & Francis Journals, vol. 12(2), pages 111-134.
- Michael Voigtländer, 2004. "A Perfect Marriage: Child-related Pensions and Public Education," Otto-Wolff-Institut Discussion Paper Series 02/2004, Otto-Wolff-Institut für Wirtschaftsordnung, Köln, Deutschland.
- Bental, Benjamin, 1989. "The Old Age Security Hypothesis and Optimal Population Growth," Journal of Population Economics, Springer, vol. 1(4), pages 285-301.
- Browning, Edgar K, 1975. "Why the Social Insurance Budget Is Too Large in a Democracy," Economic Inquiry, Western Economic Association International, vol. 13(3), pages 373-88, September.
- Nerlove, Marc & Razin, Assaf & Sadka, Efraim, 1988.
"A bequest-constrained economy: Welfare analysis,"
Journal of Public Economics,
Elsevier, vol. 37(2), pages 203-220, November.
- Robert C. Merton, 1981. "On the Role of Social Security as a Means for Efficient Risk-Bearing in an Economy Where Human Capital Is Not Tradeable," NBER Working Papers 0743, National Bureau of Economic Research, Inc.
- Zvi Bodie & John B. Shoven, 1983. "Financial Aspects of the United States Pension System," NBER Books, National Bureau of Economic Research, Inc, number bodi83-1, May.
- Cigno, Alessandro & Rosati, Furio C., 1996. "Jointly determined saving and fertility behaviour: Theory, and estimates for Germany, Italy, UK and USA," European Economic Review, Elsevier, vol. 40(8), pages 1561-1589, November.
- Lauer, Charlotte & Steiner, Viktor, 2000. "Returns to education in West Germany: an empirical assessment," ZEW Discussion Papers 00-04, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
- Sveinbjörn Blöndal & Simon Field & Nathalie Girouard, 2002. "Investment in Human Capital Through Post-Compulsory Education and Training: Selected Efficiency and Equity Aspects," OECD Economics Department Working Papers 333, OECD Publishing.
- 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,"
CEPR Discussion Papers
1734, C.E.P.R. Discussion Papers.
- Hans-Werner Sinn, 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," NBER Working Papers 6229, National Bureau of Economic Research, Inc.
- Martin Kolmar, 1997. "Intergenerational redistribution in a small open economy with endogenous fertility," Journal of Population Economics, Springer, vol. 10(3), pages 335-356.
- Mathias Kifmann, 2001. "Langfristige Folgen einer Einbeziehung der Selbständigen in die gesetzliche Rentenversicherung," Discussion Papers of DIW Berlin 251, DIW Berlin, German Institute for Economic Research.
- Alessandro Cigno & Luca Casolaro & Furio C. Rosati, 2002. "The Impact of Social Security on Saving and Fertility in Germany," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 59(2), pages 189-, May.
- Werding, Martin, 1998. "Zur Rekonstruktion des Generationenvertrages," Beiträge zur Finanzwissenschaft, Mohr Siebeck, Tübingen, edition 1, volume 3, number urn:isbn:9783161468896, July.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Lukas Wnuk Lipinski) The email address of this maintainer does not seem to be valid anymore. Please ask Lukas Wnuk Lipinski to update the entry or send us the correct address.
If references are entirely missing, you can add them using this form.