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Transfers, consumption and income over the lifecycle in Germany

  • Fanny A. Kluge

    (Max Planck Institute for Demographic Research, Rostock, Germany)

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    This paper seeks to quantify all public and private interage monetary flows in Germany applying the National Transfer Account method. Germany's lifecycle deficit is shaped by long periods spent in education, early retirement, and low labor force participation rates among the older work force, resulting in a rather short surplus period. Germany is a picture book welfare state, over the last century the government took over more and more functions the family would once have absorbed. During the long dependent periods of childhood and old age, the main expenditures-including education for younger people and pensions and health care for older people-are publicly financed. Private consumption is low for these items. In contrast to public in-kind transfers, public cash transfers are highly skewed to the elderly. Special emphasis will be placed on differences in East/West lifecycle deficit patterns.

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    File URL: http://www.demogr.mpg.de/papers/working/wp-2009-014.pdf
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    Paper provided by Max Planck Institute for Demographic Research, Rostock, Germany in its series MPIDR Working Papers with number WP-2009-014.

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    Length: 23 pages
    Date of creation: Apr 2009
    Date of revision:
    Handle: RePEc:dem:wpaper:wp-2009-014
    Contact details of provider: Web page: http://www.demogr.mpg.de/

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    1. Andrew Mason & Ronald Lee & An-Chi Tung & Mun-Sim Lai & Tim Miller, 2009. "Population Aging and Intergenerational Transfers: Introducing Age into National Accounts," NBER Chapters, in: Developments in the Economics of Aging, pages 89-122 National Bureau of Economic Research, Inc.
    2. 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.
    3. Orazio Attanasio & James Banks & Costas Meghir & Guglielmo Weber, 1995. "Humps and bumps in lifetime consumption," IFS Working Papers W95/14, Institute for Fiscal Studies.
    4. Paul A. Samuelson, 1958. "An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money," Journal of Political Economy, University of Chicago Press, vol. 66, pages 467.
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    7. Börsch-Supan, Axel & Schnabel, Reinhold, 1997. "Social security and retirement in germany," Sonderforschungsbereich 504 Publications 97-20, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    8. Axel H. Börsch-Supan & Christina B. Wilke, 2003. "The German Public Pension System: How it Was, How it Will Be," Working Papers wp041, University of Michigan, Michigan Retirement Research Center.
    9. Alan J. Auerbach & Jagadeesh Gokhale & Laurence J. Kotlikoff, 1991. "Generational Accounts - A Meaningful Alternative to Deficit Accounting," NBER Working Papers 3589, National Bureau of Economic Research, Inc.
    10. Ronald Lee & Sang-Hyop Lee & Andrew Mason, 2006. "Charting the Economic Life Cycle," NBER Working Papers 12379, National Bureau of Economic Research, Inc.
    11. Frank Heiland, 2004. "Trends in East-West German Migration from 1989 to 2002," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 11(7), pages 173-194, September.
    12. Bernd Raffelhuschen & Jan Walliser & Willi Leibfritz, 1999. "Unification and Aging in Germany: Who Pays and When?," NBER Chapters, in: Generational Accounting around the World, pages 277-298 National Bureau of Economic Research, Inc.
    13. Axel Börsch-Supan & Christina Benita Wilke, 2003. "The German Public Pension System: How it Was, How it Will Be," MEA discussion paper series 03034, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
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