The Notional Defined Contribution Pension Scheme and the German ‘Point System’: A Comparison

Gurtovaya Vera and Sergio Nisticò
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Gurtovaya Vera: University of Cassino, Southern Lazio,Cassino FR, Italy

German Economic Review, 2018, vol. 19, issue 4, 365-382

Abstract: This paper examines the analytical properties of the German ‘points-based’ pension system. These properties are compared with those of a canonical Notional Defined Contribution (NDC) pension scheme. The paper identifies the circumstances under which the German ‘points-based’ system would mimic a Swedish-type NDC scheme and verifies to what extent the German ‘points-based’ scheme ensures uniformity of individual rates of return for some hypothetical careers. Finally, the paper proposes a set of new possible adjustment rules able to increase similarity between the German point system and the NDC scheme.

Keywords: Notional Defined Contribution; German pension system; intracohort redistributions (search for similar items in EconPapers)
Date: 2018
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DOI: 10.1111/geer.12127

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