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The German model of risk distribution in supplementary occupational pensions.

Abstract:

The German pension reform of 2001 was a milestone on the road towards pension individualisation. It enhanced the funded occupational (and private) pension system (Riester-pensions), and therefore shifted investment risks to employers and individuals. The new occupational scheme allows for different types of pension vehicles that are either defined benefit (DB) or defined contribution (DC) plans. Since all such schemes are embedded in multiple layers of institutional insurance mechanisms, incl...

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Authors


Csaba Burger More by this author
Gordon L. Clark More by this author
Volume:
WPG 10-16
Series:
Working Papers in Employment, Work and Finance
Publication date:
2010
URN:
uuid:47e70378-a0db-4b72-9ea7-2d6591259393
Local pid:
oai:economics.ouls.ox.ac.uk:15078
Language:
English

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