Pension and Intergenerational Balance - A case study of Norway, Poland and Germany using Generational Accounting
In this paper we apply the method of Generational Accounting to analyse whether today’s government policy burdens future generations with a heavier load than current generations. We analyse pay-as-you-go pension systems and their reforms in Norway, Poland and Germany. Our results show that, through...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Tübingen University
2018-01-01
|
| Series: | Intergenerational Justice Review |
| Subjects: | |
| Online Access: | https://igjr.org/ojs/index.php/igjr/article/view/631 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1823861141323907072 |
|---|---|
| author | Natalie Laub Christian Hagist |
| author_facet | Natalie Laub Christian Hagist |
| author_sort | Natalie Laub |
| collection | DOAJ |
| description | In this paper we apply the method of Generational Accounting to analyse whether today’s government policy burdens future generations with a heavier load than current generations. We analyse pay-as-you-go pension systems and their reforms in Norway, Poland and Germany. Our results show that, through these reforms, pension systems in all three countries became more intergenerationally balanced as the implicit debt to be paid by future generations was reduced. However, the burden is shared differently: in Norway
current pensioners have to contribute to enhancing the financial sustainability of the pension system while Poland and Germany seem to protect current pensioners at the expense of younger generations. |
| format | Article |
| id | doaj-art-d374efc1004943b19191469f1b3ff12c |
| institution | Kabale University |
| issn | 2190-6335 |
| language | English |
| publishDate | 2018-01-01 |
| publisher | Tübingen University |
| record_format | Article |
| series | Intergenerational Justice Review |
| spelling | doaj-art-d374efc1004943b19191469f1b3ff12c2025-02-10T05:00:30ZengTübingen UniversityIntergenerational Justice Review2190-63352018-01-0132Pension and Intergenerational Balance - A case study of Norway, Poland and Germany using Generational AccountingNatalie Laub0Christian Hagist1Universität FreiburgWHU – Otto Beisheim School of ManagementIn this paper we apply the method of Generational Accounting to analyse whether today’s government policy burdens future generations with a heavier load than current generations. We analyse pay-as-you-go pension systems and their reforms in Norway, Poland and Germany. Our results show that, through these reforms, pension systems in all three countries became more intergenerationally balanced as the implicit debt to be paid by future generations was reduced. However, the burden is shared differently: in Norway current pensioners have to contribute to enhancing the financial sustainability of the pension system while Poland and Germany seem to protect current pensioners at the expense of younger generations.https://igjr.org/ojs/index.php/igjr/article/view/631Generational AccountingPension ReformInternational ComparisonSustainabilityIntergenerational Redistribution |
| spellingShingle | Natalie Laub Christian Hagist Pension and Intergenerational Balance - A case study of Norway, Poland and Germany using Generational Accounting Intergenerational Justice Review Generational Accounting Pension Reform International Comparison Sustainability Intergenerational Redistribution |
| title | Pension and Intergenerational Balance - A case study of Norway, Poland and Germany using Generational Accounting |
| title_full | Pension and Intergenerational Balance - A case study of Norway, Poland and Germany using Generational Accounting |
| title_fullStr | Pension and Intergenerational Balance - A case study of Norway, Poland and Germany using Generational Accounting |
| title_full_unstemmed | Pension and Intergenerational Balance - A case study of Norway, Poland and Germany using Generational Accounting |
| title_short | Pension and Intergenerational Balance - A case study of Norway, Poland and Germany using Generational Accounting |
| title_sort | pension and intergenerational balance a case study of norway poland and germany using generational accounting |
| topic | Generational Accounting Pension Reform International Comparison Sustainability Intergenerational Redistribution |
| url | https://igjr.org/ojs/index.php/igjr/article/view/631 |
| work_keys_str_mv | AT natalielaub pensionandintergenerationalbalanceacasestudyofnorwaypolandandgermanyusinggenerationalaccounting AT christianhagist pensionandintergenerationalbalanceacasestudyofnorwaypolandandgermanyusinggenerationalaccounting |