IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this paper

Chancen und Risiken der "Riester-Renter"

Listed author(s):
  • Lothar Essig


  • Anette Reil-Held


    (Munich Center for the Economics of Aging (MEA))

Registered author(s):

    Der demographische Wandel stellt die umlagefinanzierte Rentenversicherung in Deutschland vor große Probleme. Deshalb wurde mit der Rentenreform 2001 die Absenkung des gesetzlichen Rentenniveaus beschlossen und dafür die kapitalgedeckte zweite und dritte Säule der Altersvorsorge deutlich gestärkt. Die Einführung der zusätzlichen Altersvorsorge bringt zwei Risiken mit sich, die in dieser Arbeit betrachtet werden. Ein Risiko stellt die Freiwilligkeit der zusätzlichen Altersvorsorge dar. Es ist unsicher, ob die Haushalte – insbesondere die einkommensschwachen – den Willen und/oder die Fähigkeit aufbringen, die zusätzliche Ersparnis für das Alter konsequent durchzuführen. Ein weiteres Risiko der zusätzlichen Altersvorsorge, das gleicher-maßen eine Chance ist, besteht in der Rendite der eingezahlten Beiträge. Kritiker einer kapitalgedeckten Altersvorsorge weisen häufig, gerade in Anbetracht der aktuellen Entwicklung auf dem Kapitalmarkt, auf das dortige Renditerisiko hin. In diesem Papier wird nun der Frage nachgegangen, ob die Haushalte unter diesen Risiken in der Lage sein werden, die durch die Absenkung der gesetzlichen Rente entstehende Versorgungslücke zu schließen, und welche Spielräume bei den Beitragsleistungen vorhanden sind.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    Paper provided by Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy in its series MEA discussion paper series with number 03035.

    in new window

    Date of creation: 29 Aug 2003
    Handle: RePEc:mea:meawpa:03035
    Contact details of provider: Postal:
    Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy, Amalienstraße 33, 80799 München, Germany

    Phone: +49/89/38602.442
    Fax: +49/89/38602.490
    Web page:

    Order Information: Email:

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

    in new window

    1. Hans Fehr & Dirk Kiesewetter & Michael Myßen, 2003. "Die Riester-Rente - ein Flop?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 56(05), pages 5-14, 03.
    2. Axel Börsch-Supan & Anette Reil-Held & Christina Benita Wilke, 2003. "Der Nachhaltigkeitsfaktor und andere Formelmodifikationen zur langfristigen Stabilisierung des Beitragssatzes zur GRV," MEA discussion paper series 03030, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
    3. Nicholas Barberis, 2000. "Investing for the Long Run when Returns Are Predictable," Journal of Finance, American Finance Association, vol. 55(1), pages 225-264, 02.
    4. LeRoy,Stephen F. & Werner,Jan, 2014. "Principles of Financial Economics," Cambridge Books, Cambridge University Press, number 9781107024120, February.
    5. Reinhard Hujer & Bernd Fitzenberger & Reinhold Schnabel & Thomas E. MaCurdy, 2001. "Testing for uniform wage trends in West-Germany: A cohort analysis using quantile regressions for censored data," Empirical Economics, Springer, vol. 26(1), pages 41-86.
    Full references (including those not matched with items on IDEAS)

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:mea:meawpa:03035. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Henning Frankenberger)

    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 references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.

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

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.