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Welfare Reform on the Web (October 2000): Pensions - Overseas

PENSIONS THREATEN GERMAN BUDGET

R. Atkins

Financial Times, July 14th 2000, p. 8

Germany's failure to reform its expensive state pension system threatens to throw off course the budget consolidation plans of Hans Eichel, the finance minister. The exploding costs of an ageing population mean the sums injected by the government into the pension system will account for almost a third of federal tax revenues by 2004.

PRIVATE PENSIONS: A VIABLE ALTERNATIVE: THEIR DISTRIBUTIVE EFFECTS IN A COMPARATIVE PERSPECTIVE

C. Behrendt

International Social Security Review, vol. 53, 2000, p. 3-26

Paper explores the distributive effects of private pensions on the basis of Luxembourg Income Study Microdata for 12 industrialised welfare states. Recipients of private pensions tend to be male, belong to the younger pensioner cohorts, and have a relatively high disposable income during old age. In contrast, women, older pensioners and the less well-off under proportionally benefit from private pensions. However, legislation, regulation and supervision of private pension funds can mitigate these effects.

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