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)
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- 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
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