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The Value of Children and Immigrants in a Pay-As-You-Go Pension System: A Proposal For a Partial Transition to a Funded System Author info | Abstract | Publisher info | Download info | Related research | Statistics Sinn, Hans-Werner
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It is shown that the net fiscal externality created by an additional member of a pay-as-you-go-pension system that is endowed with individual accounts equals the gross contributions of this member. In Germany, this equals about 175,000 Deutsche marks. The paper uses this information to design a hybrid funded system that avoids this externality and improves the public pension system under equity and efficiency considerations.
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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number
1734.
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Date of creation: Nov 1997Date of revision:
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Keywords: Children Immigration Pay-As-You-Go Pension Systems Other versions of this item:
Find related papers by JEL classification: H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions J6 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies
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