Dynamisierung kapitalgedeckter Altersvorsorge

Uwe Fachinger, Harald Künemund, Martin Schulz and Katharina Unger

Wirtschaftsdienst, 2013, vol. 93, issue 10, 686-694

Abstract: On the basis of the annual reports of all the life insurance companies covered by the Federal Financial Supervisory Authority (BaFin), the adjustment of payments over the time period 2002 to 2012 is analysed for Germany. The analysis unveils large differences in the adjustment rates of the insurers, not only among companies but also over time. Therefore a steady income stream, a constant income level and the reliability of payments are not ensured for policy holders. In general, the adjustments lead to increasing inequality of income during retirement and rising income heterogeneity in private households. Even worse, these forms of income provision during retirement are not able to compensate for the reduction in the benefit level of statutory old age provision in Germany. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2013

Keywords: D31; J32; H55 (search for similar items in EconPapers)
Date: 2013
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DOI: 10.1007/s10273-013-1584-3

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