Wider eine verpflichtende Aktienrente – auch Vermögen sichert Wohlstand im Alter

Hüther Michael () and Pimpertz Jochen ()
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Hüther Michael: Institut der deutschen Wirtschaft Köln Deutschland
Pimpertz Jochen: Institut der deutschen Wirtschaft Konrad-Adenauer-Ufer 21 50668 Köln Deutschland

Zeitschrift für Wirtschaftspolitik, 2022, vol. 71, issue 3, 201-222

Abstract: A compulsory funded supplementary pension scheme is being discussed to prevent the number of retirees relying on tax financed assistance from increasing. The economic reason could be to prevent free-rider behaviour. The article discusses, why this argument is not convincing. Moreover, we argue that often too little attention is paid to possible welfare losses that households suffer if they prefer accumulating assets to provide for old age but are forced to annuitise the capital. Empirical evidence shows that the accumulation of assets plays an important role in household retirement planning. Therefore, it would make more sense to integrate asset accumulation into eligible old age provision instead.

Keywords: Rentenversicherung; private Altersvorsorge; betriebliche Altersvorsorge (search for similar items in EconPapers)
JEL-codes: D14 D63 H55 J32 (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1515/zfwp-2022-2081

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