Hoffnung trübt den Blick – Ein „Generationenkapital“ ist weder treffsicher noch effizient

Pimpertz Jochen ()
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Pimpertz Jochen: Institut der deutschen Wirtschaft Köln Leiter Themencluster: „Staat, Steuern, Soziale Sicherung“ Konrad-Adenauer-Ufer 21 50668 Köln Deutschland

Zeitschrift für Wirtschaftspolitik, 2023, vol. 72, issue 1, 49-57

Abstract: The German federal government hopes to generate revenue by investing a capital stock in state hands to slow down the threatening increase in contribution rates in the mandatory pay-as-you-go pension insurance. However, there is not only a lack of capital but also of pension policy targets. Even if one wanted to build up the capital stock financed by credit, a minimum-pension level would benefit not only the needy but all those entitled to it. Instead, the goals can be realised more efficiently with funded private pension provision and means-tested subsidies for households at risk of poverty.

Date: 2023
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DOI: 10.1515/zfwp-2023-2006

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