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Das schwedische Beispiel der kapitalgedeckten Altersvorsorge: ein Vorbild für Deutschland?


  • Marlene Haupt
  • Sebastian Kluth


In the course of the ongoing debate regarding the critique of the German Riester pension the Swedish premium pension has often been referred to as a role model regarding potential amendments and reforms. The Swedish pension reform of 1998 has led to a reorganization towards a stratified scheme, consisting of a pay-as-you-go and a fully funded element. The mandatory implementation of the Swedish premium pension has proved to be the major difference in comparison to the voluntary German Riester pension. In addition, numerous differences between the two systems can be outlined, of which most are due to the differing methods of implementation in the countries old age provision systems. This paper evaluates the possibilities and limitations of a complete adoption of the Swedish premium pension (German premium pension) as well as a partial modification of the existing Riester scheme (Swedish-Riester). It becomes evident, that despite differences between the two schemes, the German Riester pension can in particular benefit from the Swedish premium pension with regard to transparent, coherent and consistent product information. Im Zuge der Kritik an der Riester-Rente wird vielfach auf die schwedische Prämienrente als Vorbild für mögliche Korrekturen und Reformen verwiesen. Dort kam es mit der Rentenreform von 1998 zu einem Umbau des staatlichen Alterssicherungssystems hin zu einem Mischsystem, bestehend aus einer umlagefinanzierten und einer kapitalgedeckten Komponente. Neben dem grundlegenden Gegensatz, dass es sich bei der kapitalgedeckten Prämienrente, im Vergleich zur Riester-Rente, um ein obligatorisches Versicherungselement der ersten Säule handelt, existieren eine Vielzahl weiterer Unterschiede, die zumeist systembedingt sind. Im folgenden Beitrag wird zum einen die vollständige Übertragung des schwedischen Modells auf Deutschland (deutsche Prämienrente) und alternativ eine Teiladaption einzelner Elemente zur besseren Ausgestaltung der Riester-Rente (Schweden-Riester) geprüft und bewertet. Dabei zeigt sich, dass Deutschland trotz evidenter Systemunterschiede insbesondere hinsichtlich der Bereitstellung standardisierter, transparenter und verständlicher Produktinformationen vom Beispiel und den Erfahrungen der kapitalgedeckten Altersvorsorge in Schweden profitieren kann.

Suggested Citation

  • Marlene Haupt & Sebastian Kluth, 2012. "Das schwedische Beispiel der kapitalgedeckten Altersvorsorge: ein Vorbild für Deutschland?," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 81(2), pages 213-230.
  • Handle: RePEc:diw:diwvjh:81-2-15

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    References listed on IDEAS

    1. Kornelia Hagen & Lucia A. Reisch, 2010. "Riesterrente: Politik ohne Marktbeobachtung," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 77(8), pages 2-14.
    2. Tiffe, Achim & Feigl, Michael & Fritze, Jürgen & Götz, Veruschka & Grunert, Claudia & Jaroszek, Lena & Rohn, Ilonka, 2012. "Ausgestaltung eines Produktinformationsblatts für zertifizierte Altersvorsorge- und Basisrentenverträge," EconStor Research Reports 57575, ZBW - German National Library of Economics.
    3. Gert G. Wagner, 2011. "Gut gemeint, aber nicht gut gemacht: Kommentar," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 78(47), pages 24-24.
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    Cited by:

    1. Rausch, Johannes, 2014. "Was wäre wenn wir Schweden wären? Ist das Schwedische Rentensystem auf Deutschland übertragbar?," MEA discussion paper series 201421, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.

    More about this item


    Public-private pension mix; Riester scheme; transferability of social policies; international comparison;

    JEL classification:

    • D18 - Microeconomics - - Household Behavior - - - Consumer Protection
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions


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