Ein sanft paternalistischer Vorschlag zur Lösung des Rentenproblems

Andreas Knabe and Joachim Weimann ()

Wirtschaftsdienst, 2015, vol. 95, issue 10, 701-709

Abstract: The ageing of the German population will necessarily reduce the pension levels provided by the German pay-as-you-go public pension insurance. The pension reforms of the last decade aimed at encouraging savings in private, fully-funded pension insurances (through tax advantages and subsidies). However, only a minority of Germans has decided to make use of these opportunities. We propose to strengthen this type of old-age provision by using insights from behavioural economics. The default should be changed so that everyone saves in a funded pension scheme unless actively deciding to opt out. The default investment should be a government pension fund that competes with private pension funds. We argue that this policy will boost retirement savings without interfering with individuals’ freedom of choice. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2015

Keywords: H55; J26; J32 (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/s10273-015-1890-z

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