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Maßnahmen zur Vermeidung von Altersarmut: Makroökonomische Folgen und Verteilungseffekte

Lars Feld, Manuel Kallweit and Anabell Kohlmeier

No 03/2013, Working Papers from German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung

Abstract: There is an intensive debate about old-age poverty in Germany that has induced political parties to develop proposals for higher pensions of poor pensioners in light of the federal elections of September 2013. In addition, several proposals from economists aim at reforming the pension system in a way that mitigates old-age poverty. In this paper, we consider these proposals in a computable general equilibrium model in order to derive their effects on the income distribution, on employment, on the capital stock and on GDP. Our results indicate that negative employment, capital and GDP effects are induced by such reforms as compared to the alternative of basic means-tested social welfare in old-age. Moreover, the strongest beneficiaries would be the currently higher age employees with low in-come and much less the respective younger employees, while younger and higher age employees with high and medium incomes will lose.

Date: 2013
New Economics Papers: this item is included in nep-age and nep-ger
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Related works:
Journal Article: Maßnahmen zur Vermeidung von Altersarmut: Makroökonomische Folgen und Verteilungseffekte (2013) Downloads
Journal Article: Maßnahmen zur Vermeidung von Altersarmut: Makröokonomische Folgen und Verteilungseffekte (2013) Downloads
Working Paper: Maßnahmen zur Vermeidung von Altersarmut: Makroökonomische Folgen und Verteilungseffekte (2013) Downloads
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