Political Determinants Of Evolution And Reform Of The German Public Pension Plan

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Political Determinants of Evolution and Reform of the German Public Pension Plan

Author : Nicole Petrick
Publisher : GRIN Verlag
Page : 65 pages
File Size : 43,9 Mb
Release : 2009-08
Category : Electronic
ISBN : 9783640394098

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Political Determinants of Evolution and Reform of the German Public Pension Plan by Nicole Petrick Pdf

Seminar paper from the year 2005 in the subject Economics - Finance, grade: 1,3, Humboldt-University of Berlin, 13 entries in the bibliography, language: English, abstract: The paper discusses the evolution and reform of the German public pension plan in respect to its history, theoretical approaches to explain the choice and evolution of pension plans and takes current issues in account in order to evaluate the suggestions made and to show what political determinants influence future reform. Part 1 of this paper will give a short review of the history of the German public pension plan between the late 19th century and today. Part 2 will show how decisions made in the past could be explained and will use political approaches to explain the choice and evolution of pension schemes and pension reform. Part 3 of this paper will then consider the current problems faced by the pension system and will discuss different proposals made. It will consider the current situation of the German public pension plan and will use political determinants in order to examine how the future reform of the public pension fund in Germany could develop. A small critique will be given at the end.

German Pension Reform

Author : Christina Benita Wilke
Publisher : Peter Lang
Page : 216 pages
File Size : 51,9 Mb
Release : 2009
Category : Business & Economics
ISBN : 3631588518

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German Pension Reform by Christina Benita Wilke Pdf

The German pension system was the first formal pension system in the world, designed by Bismarck nearly 120 years ago. It has been very successful in providing high and reliable pension levels at reasonable contribution rates. While the generosity of the German pension system is considered a great social achievement, negative incentive effects of past reforms in the 1970s and 1980s and population aging are threatening the very core of the system. This has led to fundamental pension reforms since 1992. Based on a detailed simulation model of the German pension system, this book provides a thorough assessment of the system and its reforms. It shows that the latest reforms have put the system back onto a stable path and moved it from the old monolithic towards a multi-pillar system.

The Reform of Bismarckian Pension Systems

Author : Martin Schludi
Publisher : Amsterdam University Press
Page : 312 pages
File Size : 52,8 Mb
Release : 2005
Category : Business & Economics
ISBN : 9789053567401

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The Reform of Bismarckian Pension Systems by Martin Schludi Pdf

Offers an analysis of the political process involved in the reform of the pension systems in European countries.

Assessing Chile's Pension System: Challenges and Reform Options

Author : Samuel Pienknagura,Christopher Evans
Publisher : International Monetary Fund
Page : 52 pages
File Size : 44,7 Mb
Release : 2021-09-10
Category : Business & Economics
ISBN : 9781513596112

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Assessing Chile's Pension System: Challenges and Reform Options by Samuel Pienknagura,Christopher Evans Pdf

Chile’s pension system came under close scrutiny in recent years. This paper takes stock of the adequacy of the system and highlights its challenges. Chile’s defined contribution system was quite influential when introduced, and was taken as an example by other countries. However, it is now delivering low replacement rates relative to OECD peers, as its parameters did not adapt over time to changing demographics and global returns, while informality persists in the labor market. In the absence of reforms, the system’s inability to deliver adequate outcomes for a large share of participants will continue to magnify, as demographic trends and low global interest rates will continue to reduce replacement rates. In addition, recent legislation allowing for pension savings withdrawals to counter the effects from the COVID-19 pandemic, is projected to further reduce replacement rates and increase fiscal costs. A substantial improvement in replacement rates is feasible, via a reform that raises contribution rates and the retirement age, coupled with policies that increases workers’ contribution density.

The Challenge of Public Pension Reform in Advanced and Emerging Economies

Author : Mr.Benedict J. Clements,Mr.David Coady,Frank Eich,Mr.Sanjeev Gupta,Mr.Alvar Kangur,Baoping Shang,Mauricio Soto
Publisher : International Monetary Fund
Page : 86 pages
File Size : 53,8 Mb
Release : 2013-01-25
Category : Business & Economics
ISBN : 9781475566314

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The Challenge of Public Pension Reform in Advanced and Emerging Economies by Mr.Benedict J. Clements,Mr.David Coady,Frank Eich,Mr.Sanjeev Gupta,Mr.Alvar Kangur,Baoping Shang,Mauricio Soto Pdf

Pension reform is high on the policy agenda of many advanced and emerging market economies. In advanced economies the challenge is generally to contain future increases in public pension spending as the population ages. In emerging market economies, the challenges are often different. Where pension coverage is extensive, the issues are similar to those in advanced economies. Where pension coverage is low, the key challenge will be to expand coverage in a fiscally sustainable manner. This volume examines the outlook for public pension spending over the coming decades and the options for reform in 52 advanced and emerging market economies.

Reforming the Greek Pension System

Author : Mr. Alvar Kangur,Niki Kalavrezou,Mr. Daehaeng Kim
Publisher : International Monetary Fund
Page : 26 pages
File Size : 44,8 Mb
Release : 2021-07-16
Category : Business & Economics
ISBN : 9781513588841

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Reforming the Greek Pension System by Mr. Alvar Kangur,Niki Kalavrezou,Mr. Daehaeng Kim Pdf

The Greek pension system has been costly, complex, and distortive, which has contributed to Greece’s fiscal problems and discouraged labor force participation. Several attempts to reform the system faltered due to lack of implementation, pushback by vested interests, and court rulings leading to reversals. A series of reforms introduced throughout 2015–17 unified benefit and contribution rules, removed several distortions and reduced fragmentation and costs. If fully implemented throughout the long-term, these reforms can go a long way towards enhancing the pension system affordability. However, reforms faced setbacks and fell short of creating stronger incentives to build long contribution histories, to deliver sustainable growth by improving the fiscal policy mix, and to ensure fairness and equitable burden sharing across generations and interest groups. Policy priorities should aim towards fully implementing the 2015–17 reforms and complementing them with additional reforms to address these remaining objectives.

Old-age Income Support in the 21st Century

Author : Robert Holzmann
Publisher : World Bank Publications
Page : 246 pages
File Size : 54,8 Mb
Release : 2005-01-01
Category : Business & Economics
ISBN : 9780821360408

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Old-age Income Support in the 21st Century by Robert Holzmann Pdf

The past decade has brought an increasing recognition to the importance of pension systems to the economic stability of nations and the security of their aging populations. This report attempts to explain current policy thinking and update the World Bank's perspective on pension reform. This book incorporates lessons learned from recent Bank experiences and research that have significantly increased knowledge and insight regarding how best to proceed in the future. The book has a comprehensive introduction and two main parts. Part I presents the conceptual underpinnings for the Bank's thinking on pension systems and reforms, including structure of Bank lending in this area. Part II highlights key design and implementation issues where it signals areas of confidence and areas for further research and experience, and includes a section on regional reform experiences, including Latin American and Europe and Central Asia.

The Evolution of Public Pension Schemes

Author : Harrie Verbon
Publisher : Springer Science & Business Media
Page : 300 pages
File Size : 47,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642456534

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The Evolution of Public Pension Schemes by Harrie Verbon Pdf

1. 1 An introduction to the problem This book deals with the development of public pension schemes. The operation of public pension schemes has drawn a great deal of attention recently due to ageing of the population which has become apparent since the 19 70s. This would probably have been less of a problem if these schemes had been financed by a Capital Reserve (abbreviated from now on as CR) system. As is well-known, in a pure CR-system individuals (or generations) save for their own retirement. The (average) rate of return on the premiums paid in this system equals the real rate of interest and, in principle, changes in the rate of population growth do not affect the premium rate or the benefit rate of the system. Most public pension schemes, however, are financed by a Pay-As-You-Go (abbreviated from now on as PAYG) system. In this system current pension payments are financed by current premium payments. In contrast to the CR-system intergenerational transfers occur in this system. If the number of retired people increases relative to the number of workers the premium rate will increase under PAYG. In itself this increase does not have to imply any concern for the premium paying population. What counts is whether the rate of return under a PAYG-system will fall (too far) below the rate of return the CR-system is offering.

Pension Reform in Europe

Author : Camila Arza,Martin Kohli
Publisher : Routledge
Page : 290 pages
File Size : 52,8 Mb
Release : 2007-08-07
Category : Political Science
ISBN : 9781134134366

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Pension Reform in Europe by Camila Arza,Martin Kohli Pdf

This new book provides a cross-country comparative analysis of the key issues shaping the latest pension reforms in Europe: political games, welfare models and pathways, population reactions, and observed and expected outcomes. Pension reform has been a top policy priority for European governments in the last decade. Ageing populations, changing labour market patterns and the process of European integration are the ‘irresistible forces’ pushing for reform throughout the region. The Political Economy of Pension Reform evaluates the political forces that make pension reform viable in different national and institutional contexts and the nature of political bargains, actors and cleavages surrounding policy change. The volume also examines the nature and outcomes of pension reform experiences in Europe, searching for a solution to the financial challenge posed by growing pension budgets. By addressing the nature of change, the pathways of reform, and the outcomes of the new pension mix in the region, the authors conclude with an analysis of people’s perceptions and attitudes towards pension policy and their acceptance or otherwise of different reform options. This book will be of interest to students and scholars of international political economy, European politics, and social policy.

Pension Reform

Author : Robert Holzmann,Edward E. Palmer
Publisher : World Bank Publications
Page : 692 pages
File Size : 45,9 Mb
Release : 2006
Category : Business & Economics
ISBN : 9780821361665

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Pension Reform by Robert Holzmann,Edward E. Palmer Pdf

This book presents 25 state of the art papers on the conceptual foundations and issues surrounding Non-financial, or Notional, Defined Contribution (NDC), country implementation of NDC (Italy, Latvia, Poland, and Sweden) and case studies for countries where NDC is figured in the reform debate. This book is intended to be a handbook for academics and policy makers who want to become informed about what NDC is and to learn about the pros and cons of this attractive reform proposal.

Reforming the State

Author : János Kornai,Stephan Haggard,Robert R. Kaufman
Publisher : Cambridge University Press
Page : 310 pages
File Size : 43,5 Mb
Release : 2001-01-15
Category : Business & Economics
ISBN : 0521774888

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Reforming the State by János Kornai,Stephan Haggard,Robert R. Kaufman Pdf

The essays in this volume, first published in 2001, examine fiscal policy-making and providing for social welfare in post-socialist countries.

The Evolution of Supplementary Pensions

Author : Kolaczkowski, James,Maher, Michelle,Stevens, Yves,Werbrouck, Jakob M.
Publisher : Edward Elgar Publishing
Page : 488 pages
File Size : 40,6 Mb
Release : 2022-01-18
Category : Law
ISBN : 9781800372986

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The Evolution of Supplementary Pensions by Kolaczkowski, James,Maher, Michelle,Stevens, Yves,Werbrouck, Jakob M. Pdf

Presenting the evolution of supplementary pensions over the past 25 years, this comprehensive book introduces the origin of pensions as a concept and explores the role that international organisations play within the field. It draws comparisons between different welfare states, reflecting upon current research and identifying new directions and ideas.

The Oxford Handbook of Japanese Politics

Author : Robert J. Pekkanen,Saadia Pekkanen
Publisher : Oxford University Press
Page : 1001 pages
File Size : 52,5 Mb
Release : 2021-10-25
Category : Political Science
ISBN : 9780190050993

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The Oxford Handbook of Japanese Politics by Robert J. Pekkanen,Saadia Pekkanen Pdf

"Book Abstract and Keywords: The study of Japanese politics has flourished over the past several decades. This Handbook provides a state-of-the-field overview for students and researchers of Japanese. The volume also serves to introduce Japanese politics to readers less familiar with Japan. In addition, the volume has a theme of "evaluating Japan's democracy." Taken as a whole, the volume provides a positive evaluation of the state of Japan's democracy. The volume is divided into two parts, roughly corresponding to domestic Japanese politics and Japan's international politics. Within the domestic politics part, there are four distinct sections: "Domestic Political Actors and Institutions," covering the Japanese Constitution, electoral systems, prime minister, Diet, bureaucracy, judiciary, and local government; "Political Parties and Coalitions," covering the Liberal Democratic Party, coalition government, Kōmeitō, and the political opposition; "Policymaking and the Public," covering the policymaking process, public opinion, civil society, and populism; and, "Political Economy and Social Policy," covering industrial, energy, social welfare, agricultural, monetary, and immigration policies, as well as social inequality. In the international relations part, there are four sections: "International Relations Frameworks," covering grand strategy, international organizations, and international status; "International Political Economy," covering trade, finance, foreign direct investment, the environment, economic regionalism, and the linkage between security and economics; "International Security," covering remilitarization, global and regional security multilateralism, nuclear nonproliferation, naval power, space security, and cybersecurity; and, "Foreign Relations" covering Japan's relations with the United States, China, South Korea, ASEAN, India, the European Union, and Russia. Keywords: international relations, comparative politics, democracy, international order, alliances, space security, elections, Liberal Democratic Party, multilateralism, remilitarization, international organizations, populism, civil society, coalitions, political parties, trade, finance monetary policy, foreign direct investment, cybersecurity"--

Handbook of European Social Policy

Author : Patricia Kennett,Noemi Lendvai-Bainton
Publisher : Edward Elgar Publishing
Page : 480 pages
File Size : 51,6 Mb
Release : 2017-08-25
Category : Electronic
ISBN : 9781783476466

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Handbook of European Social Policy by Patricia Kennett,Noemi Lendvai-Bainton Pdf

This Handbook will comprise of 29 original pieces from key contributors to the field of European social policy. It is intended to capture the ‘state of the art’ in European social policy and to generate and contribute to debates on the the future of European social policy in the 21st Century. It will be a comprehensive and authoritative resource for research and teaching covering themes and policy areas including social exclusion, pensions, education, children and family, as well as mobility and migration, multiculturalism, and climate change.

Pension Reform and the Development of Pension Systems

Author : Emily S. Andrews
Publisher : World Bank Publications
Page : 198 pages
File Size : 49,7 Mb
Release : 2006
Category : Business & Economics
ISBN : 9780821365526

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Pension Reform and the Development of Pension Systems by Emily S. Andrews Pdf

"Formal pension systems are an important means of reducing poverty among the aged. In recent years, however, pension reform has become a pressing matter, as demographic aging, poor administration, early retirement, and unaffordable benefits have strained pension balances and overall public finances. Pension systems have become a source of macroeconomic instability, a constraint to economic growth, and an ineffective and/or inequitable provider of retirement income."