The Notional Defined Contribution Pension Scheme and the German ‘Point System’: A Comparison-Reference-Cited by-同舟云学术

The Notional Defined Contribution Pension Scheme and the German ‘Point System’: A Comparison

Published:2018-12-01 Issue:4 Volume:19 Page:365-382
ISSN:1468-0475
Container-title:German Economic Review
language:en
Short-container-title:

Author:

Gurtovaya Vera¹,Nisticò Sergio²

Affiliation:

1. University of Cassino, Southern Lazio, Cassino FR , Italy

2. University of Cassino and Southern Lazio, Cassino FR , Italy

Abstract

Abstract This paper examines the analytical properties of the German ‘points-based’ pension system. These properties are compared with those of a canonical Notional Defined Contribution (NDC) pension scheme. The paper identifies the circumstances under which the German ‘points-based’ system would mimic a Swedish-type NDC scheme and verifies to what extent the German ‘points-based’ scheme ensures uniformity of individual rates of return for some hypothetical careers. Finally, the paper proposes a set of new possible adjustment rules able to increase similarity between the German point system and the NDC scheme.

Publisher

Walter de Gruyter GmbH

Subject

Economics and Econometrics

Link

https://www.degruyter.com/document/doi/10.1111/geer.12127/pdf

Reference18 articles.

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