IDEAS home Printed from https://ideas.repec.org/p/kln/owiwdp/dp_av.html
   My bibliography  Save this paper

Eine konstitutionelle Reform der Altersvorsorge

Author

Listed:
  • Michael Voigtländer
  • Barbara Henman

Abstract

For decades, economists have been urging politicians to reform pension systems, but in many cases the proposals have been rejected by referring to unresolved questions of economic justice. This dilemma can be avoided by using the concept of constitutional economics, which allows us to address the issues of efficiency and justice at the same time. We conclude that a society behind a veil of uncertainty would settle for a compulsory pay-as-you-go which provides a minimum pension. However, to avoid the system being undermined by free-riding, such a benefit would only be granted to those individuals who contributed to the accumulation of human capital. Everyone else would be required to save individually to secure their minimum pension.

Suggested Citation

  • Michael Voigtländer & Barbara Henman, 2003. "Eine konstitutionelle Reform der Altersvorsorge," Otto-Wolff-Institut Discussion Paper Series 02/2003, Otto-Wolff-Institut für Wirtschaftsordnung, Köln, Deutschland.
    • Handle: RePEc:kln:owiwdp:dp_av
    as

    Download full text from publisher

    File URL: http://www.otto-wolff-institut.de/Publikationen/DiskussionPapers/Altersvorsorge_Diskussionspapier.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Sinn, Hans-Werner & Uebelmesser, Silke, 2003. "Pensions and the path to gerontocracy in Germany," European Journal of Political Economy, Elsevier, vol. 19(1), pages 153-158, March.
    2. Sinn, Hans-Werner, 2004. "The pay-as-you-go pension system as fertility insurance and an enforcement device," Journal of Public Economics, Elsevier, vol. 88(7-8), pages 1335-1357, July.
    3. Laurence J. Kotlikoff, 1998. "Simulating the Privatization of Social Security in General Equilibrium," NBER Chapters, in: Privatizing Social Security, pages 265-311, National Bureau of Economic Research, Inc.
    4. Homburg, Stefan, 2000. "Compulsory savings in the welfare state," Journal of Public Economics, Elsevier, vol. 77(2), pages 233-239, August.
    5. Werding Martin, 1999. "Umlagefinanzierung als Humankapitaldeckung: Grundrisse eines erneuerten „Generationenvertrages“ / Pay-as-you-go Public Pension Schemes Revisited: A Draft," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 218(3-4), pages 491-511, June.
    6. Gary S. Becker, 1960. "An Economic Analysis of Fertility," NBER Chapters, in: Demographic and Economic Change in Developed Countries, pages 209-240, National Bureau of Economic Research, Inc.
    7. Stefan Homburg, 1991. "Interest and Growth in an Economy with Land," Canadian Journal of Economics, Canadian Economics Association, vol. 24(2), pages 450-459, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Voigtländer Michael & Henman Barbara, 2005. "Vorschläge für eine konstitutionell begründete Rentenreform," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 54(2), pages 160-176, August.
    2. Hans-Werner Sinn, 2000. "Why a Funded Pension System is Needed and Why It is Not Needed," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 7(4), pages 389-410, August.
    3. Breyer, Friedrich & Franz, Wolfgang & Homburg, Stefan & Schnabel, Reinhold & Wille, Eberhard, 2004. "Reform der sozialen Sicherung: Kurzfassung," EconStor Books, ZBW - Leibniz Information Centre for Economics, number 92399, July.
    4. Marko Köthenbürger & Panu Poutvaara, 2002. "Social Security Reform and Intergenerational Trade: Is there Scope for a Pareto-Improvement?," CESifo Working Paper Series 795, CESifo.
    5. Robert Fenge & Beatrice Scheubel, 2017. "Pensions and fertility: back to the roots," Journal of Population Economics, Springer;European Society for Population Economics, vol. 30(1), pages 93-139, January.
    6. Francesco C. Billari & Vincenzo Galasso, 2014. "Fertility decisions and pension reforms. Evidence from natural experiments in Italy," IdEP Economic Papers 1403, USI Università della Svizzera italiana.
    7. Hans-Werner Sinn, 2000. "Why a Funded Pension System is Useful and Why It is Not Useful," NBER Working Papers 7592, National Bureau of Economic Research, Inc.
    8. Tim Buyse, 2014. "Pensions and fertility: a simple proposal for reform," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 14/888, Ghent University, Faculty of Economics and Business Administration.
    9. Breyer Friedrich, 2000. "Kapitaldeckungs- versus Umlageverfahren," Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 1(4), pages 383-405, November.
    10. Stefan Bauernschuster & Anita Fichtl & Timo Hener & Helmut Rainer & Anita Dietrich, 2014. "Policy Reform Children: Do More Nursery Places Lead to More Children?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 67(10), pages 30-37, May.
    11. Robert Fenge & Beatrice Scheubel, 2013. "Pensions and Fertility: Back to the Roots - The Introduction of Bismarck's Pension Scheme and the European Fertility Decline," CESifo Working Paper Series 4383, CESifo.
    12. Georges Casamatta & L. Batté, 2016. "The Political Economy of Population Aging," Post-Print hal-02520521, HAL.
    13. Casamatta, G. & Batté, L., 2016. "The Political Economy of Population Aging," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 381-444, Elsevier.
    14. Sinn, Hans-Werner, 2005. "Europe's Demographic Deficit," Munich Reprints in Economics 934, University of Munich, Department of Economics.
    15. Tim Krieger & Jens Ruhose, 2013. "Honey, I shrunk the kids’ benefits—revisiting intergenerational conflict in OECD countries," Public Choice, Springer, vol. 157(1), pages 115-143, October.
    16. Hans-Werner Sinn, 2013. "The Demographic Deficit – the Facts, the Consequences, the Causes and Policy Implications," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 66(21), pages 03-23, November.
    17. Koji Yasuda & Tomoko Kinugasa & Shigeyuki Hamori, 2019. "An Empirical Analysis Of Marital Status In Japan," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 64(03), pages 773-798, June.
    18. Dettling, Lisa J. & Kearney, Melissa S., 2014. "House prices and birth rates: The impact of the real estate market on the decision to have a baby," Journal of Public Economics, Elsevier, vol. 110(C), pages 82-100.
    19. Libertad González & Sofia Karina Trommlerová, 2023. "Cash Transfers and Fertility: How the Introduction and Cancellation of a Child Benefit Affected Births and Abortions," Journal of Human Resources, University of Wisconsin Press, vol. 58(3), pages 783-818.
    20. Thomas Baudin & Robert Stelter, 2022. "The rural exodus and the rise of Europe," Journal of Economic Growth, Springer, vol. 27(3), pages 365-414, September.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kln:owiwdp:dp_av. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Christian Müller (email available below). General contact details of provider: https://edirc.repec.org/data/owiwode.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.