IDEAS home Printed from https://ideas.repec.org/a/bpj/pewipo/v25y2024i3-4p233-257n1006.html
   My bibliography  Save this article

Nachhaltige Finanzierung der gesetzlichen Rentenversicherung durch inter- und intragenerative Umverteilung – ein Reformvorschlag als Generationenkompromiss

Author

Listed:
  • Seuffert Stefan

    (9174 Albert-Ludwigs-Universität Freiburg Albert-Ludwigs-Universität Freiburg Forschungszentrum Generationenverträge, Institut für Finanzwissenschaft und Sozialpolitik Bertoldstraße 17 79098 Freiburg im Breisgau Germany)

  • Toussaint Philipp

    (Albert-Ludwigs-Universität Freiburg Forschungszentrum Generationenverträge, Institut für Finanzwissenschaft und Sozialpolitik Bertoldstraße 17 79098 Freiburg im Breisgau Germany)

Abstract

Demographic change is causing a generational conflict in the statutory pension insurance system between an adequate level of benefits and sustainable contribution rates. Current pension policy in Germany focuses mainly on benefits and results in an exclusively intergenerational distribution of the demographic burden, which is increasingly to the disadvantage of young and future generations. Stefan Seuffert and Philipp Toussaint examine reform options for burden-sharing at inter- and intragenerational levels and present a reform proposal permitting compromise solutions among the conflicting goals of contribution and benefit stability as well as between benefit principle and basic security effect. Sustainability-neutral base protection (“Sockelschutz”) results in an intragenerational redistribution for effective protection against poverty in old age without changing the intergenerational burden sharing. The intragenerational redistribution of such a base protection of 28 earnings points is more than five times as effective in supporting the basic pension protection rate as the intergenerational redistribution of 432 billion euros through a pension level bracket of 48 percent.

Suggested Citation

  • Seuffert Stefan & Toussaint Philipp, 2024. "Nachhaltige Finanzierung der gesetzlichen Rentenversicherung durch inter- und intragenerative Umverteilung – ein Reformvorschlag als Generationenkompromiss," Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 25(3-4), pages 233-257.
    • Handle: RePEc:bpj:pewipo:v:25:y:2024:i:3-4:p:233-257:n:1006
    DOI: 10.1515/pwp-2024-0015
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/pwp-2024-0015
    Download Restriction: For access to full text, subscription to the journal or payment for the individual article is required.
    File URL: https://libkey.io/10.1515/pwp-2024-0015?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. repec:bpj:pewipo:v:14:y:2013:i:3-4:p:262-278:n:6 is not listed on IDEAS
    2. Jonas Klos & Tim Krieger & Sven Stöwhase, 2022. "Measuring intra-generational redistribution in PAYG pension schemes," Public Choice, Springer, vol. 190(1), pages 53-73, January.
    3. Alan J. Auerbach & Jagadeesh Gokhale & Laurence J. Kotlikoff, 1991. "Generational Accounts: A Meaningful Alternative to Deficit Accounting," NBER Chapters, in: Tax Policy and the Economy, Volume 5, pages 55-110, National Bureau of Economic Research, Inc.
    4. Christoph Metzger & Jörg Schoder, 2013. "Die Alterseinkommen von morgen: Zum Status der Altersvorsorge im Drei-Schichten-Modell," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 14(3-4), pages 262-278, August.
    5. repec:bla:scandj:v:94:y:1992:i:2:p:303-18 is not listed on IDEAS
    6. Alan J. Auerbach & Jagadeesh Gokhale & Laurence J. Kotlikoff, 1994. "Generational Accounting: A Meaningful Way to Evaluate Fiscal Policy," Journal of Economic Perspectives, American Economic Association, vol. 8(1), pages 73-94, Winter.
    7. Friedrich Breyer & Stefan Hupfeld, 2009. "Fairness of Public Pensions and Old-Age Poverty," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 65(3), pages 358-380, September.
    8. Werding, Martin & Läpple, Benjamin, 2020. "Finanzrisiken für den Bund durch die demographische Entwicklung in der Sozialversicherung [Financial risks for the Federal budget through the impact of demographic ageing on social insurance system," FiFo Reports - FiFo-Berichte 29, University of Cologne, FiFo Institute for Public Economics.
    9. Niehues, Judith & Pimpertz, Jochen, 2012. "Alterssicherung der Selbstständigen in Deutschland," IW-Trends – Vierteljahresschrift zur empirischen Wirtschaftsforschung, Institut der deutschen Wirtschaft (IW) / German Economic Institute, vol. 39(3), pages 17-33.
    10. Breyer Friedrich, 2015. "Demographischer Wandel und Gesundheitsausgaben: Theorie, Empirie und Politikimplikationen," Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 16(3), pages 215-230, October.
    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. Marco Bassetto, 2009. "The Research Agenda: Marco Bassetto on the Quantitative Evaluation of Fiscal Policy Rules," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 10(2), April.
    2. Raffelhüschen, Bernd & Hagist, Christian & Moog, Stefan & Vatter, Johannes, 2009. "Ehrbare Staaten? Die deutsche Generationenbilanz im internationalen Vergleich," Argumente zur Marktwirtschaft und Politik 107, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin.
    3. Holger Bonin & Joan Gil & Concepció Patxot, 2001. "Beyond the Toledo agreement: the intergenerational impact of the Spanish Pension Reform," Spanish Economic Review, Springer;Spanish Economic Association, vol. 3(2), pages 111-130.
    4. Timothy C. Irwin, 2015. "Defining The Government'S Debt And Deficit," Journal of Economic Surveys, Wiley Blackwell, vol. 29(4), pages 711-732, September.
    5. Raffelhüschen, Bernd & Seuffert, Stefan, 2020. "Ehrbarer Staat? Wege und Irrwege der Rentenpolitik im Lichte der Generationenbilanz," Argumente zur Marktwirtschaft und Politik 148, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin.
    6. Tim Krieger & Christine Meemann & Stefan Traub, 2022. "Inequality, Life Expectancy, and the Intragenerational Redistribution Puzzle - Some Experimental Evidence," CESifo Working Paper Series 9677, CESifo.
    7. Holger Bonin, 2001. "Will it Last? An Assessment of the 2001 German Pension Reform," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 26(4), pages 547-564, October.
    8. Martin Larch & João Nogueira Martins, 2007. "Fiscal indicators - Proceedings of the the Directorate-General for Economic and Financial Affairs Workshop held on 22 September 2006 in Brussels," European Economy - Economic Papers 2008 - 2015 297, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    9. Raffelhüschen, Bernd, 2001. "Generational accounting: Quo vadis?," Discussion Papers 95, Albert-Ludwigs-Universität Freiburg, Institut für Finanzwissenschaft.
    10. Boll, Stephan, 1996. "Intergenerative Verteilungseffekte öffentlicher Haushalte: Theoretische Konzepte und empirischer Befund für die Bundesrepublik Deutschland," Discussion Paper Series 1: Economic Studies 1996,06, Deutsche Bundesbank.
    11. Metzger, Christoph, 2016. "The German statutory pension scheme: Balance sheet, cross-sectional internal rates of return and implicit tax rates," FZG Discussion Papers 63, University of Freiburg, Research Center for Generational Contracts (FZG).
    12. Pawel Kaczmarczyk, 2013. "Are immigrants a burden for the state budget? Review paper," EUI-RSCAS Working Papers p0356, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
    13. Stefan Moog & Christoph Müller, 2011. "Zur Erhöhung der Regelaltersgrenze in Deutschland: eine internationale Perspektive," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 80(2), pages 33-51.
    14. Christian vom Lehn & Eric Fisher & Aspen Gorry, 2018. "Male Labor Supply and Generational Fiscal Policy," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 28, pages 121-149, April.
    15. Feist, Karen & Krimmer, Pascal & Raffelhüschen, Bernd, 2001. "Intergenerative Effekte einer lebenszyklusorientierten Einkommensteuerreform: Die Einfachsteuer des Heidelberger Steuerkreises," Discussion Papers 98, Albert-Ludwigs-Universität Freiburg, Institut für Finanzwissenschaft.
    16. Karin Mayr, 2004. "The fiscal impact of immigrants in Austria--a generational accounting analysis," Economics working papers 2004-09, Department of Economics, Johannes Kepler University Linz, Austria.
    17. Keuschnigg, Christian & Keuschnigg, Mirela & Koman, Reinhard, 2000. "Public Debt and Generational Balance in Austria Lueth, Erik; Raffelhueschen, Bernd," Economics Series 80, Institute for Advanced Studies.
    18. Miyazato, Naomi, 2020. "Intergenerational Inequality and the Contract Out Policy in Public Health Care," Japan and the World Economy, Elsevier, vol. 54(C).
    19. Krimmer, Pascal & Raffelhüschen, Bernd, 2003. "Intergenerative Umverteilung und Wachstumsimpulse der Steuerreformen 1999 bis 2005: Die Perspektive der Generationenbilanz," Discussion Papers 105, Albert-Ludwigs-Universität Freiburg, Institut für Finanzwissenschaft.
    20. Bas Jacobs, 2005. "Simulating the Lisbon skills targets in WorldScan," CPB Memorandum 135.rdf, CPB Netherlands Bureau for Economic Policy Analysis.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • H51 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Health
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt

    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:bpj:pewipo:v:25:y:2024:i:3-4:p:233-257:n:1006. 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: Peter Golla (email available below). General contact details of provider: https://www.degruyterbrill.com .

    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.