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Maßnahmen zur Vermeidung von Altersarmut: Makroökonomische Folgen und Verteilungseffekte

Author

Listed:
  • Lars P. Feld
  • Manuel Kallweit
  • Anabell Kohlmeier

Abstract

There is an intensive debate about old-age poverty in Germany that has induced political parties to develop proposals for higher pensions of poor pensioners in light of the federal elections of September 2013. In addition, several proposals from economists aim at reforming the pension system in a way that mitigates oldage poverty. In this paper, we consider these proposals in a computable general equilibrium model in order to derive their effects on the income distribution, on employment, on the capital stock and on GDP. Our results indicate that negative employment, capital and GDP effects are induced by such reforms as compared to the alternative of basic means-tested social welfare in old-age. Moreover, the strongest beneficiaries would be the currently higher age employees with low income and much less the respective younger employees, while younger and higher age employees with high and medium incomes will lose.
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Suggested Citation

  • Lars P. Feld & Manuel Kallweit & Anabell Kohlmeier, 2013. "Maßnahmen zur Vermeidung von Altersarmut: Makroökonomische Folgen und Verteilungseffekte," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 14(3-4), pages 279-304, August.
    • Handle: RePEc:bla:perwir:v:14:y:2013:i:3-4:p:279-304
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    File URL: http://hdl.handle.net/10.1111/pers.2013.14.issue-3-4
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    Cited by:

    1. Bofinger, Peter & Buch, Claudia M. & Feld, Lars P. & Schmidt, Christoph M. & Wieland, Volker, 2013. "Gegen eine rückwärtsgewandte Wirtschaftspolitik. Jahresgutachten 2013/14 [Against a backward-looking economic policy. Annual Report 2013/14]," Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, volume 127, number 201314.
    2. Werding, Martin, 2014. "Demographischer Wandel und öffentliche Finanzen: Langfrist-Projektionen 2014-2060 unter besonderer Berücksichtigung des Rentenreform-Pakets der Bundesregierung," Working Papers 01/2014, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung.
    3. Werding, Martin, 2016. "Rentenfinanzierung im demographischen Wandel: Tragfähigkeitsprobleme und Handlungsoptionen," Working Papers 05/2016, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung.

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