TY - JOUR
T1 - From traditional DB to notional DC systems
T2 - The pension reform process in Sweden, Italy, and Germany
AU - Börsch-Supan, Axel
PY - 2005
Y1 - 2005
N2 - This paper provides a critical review of the pension reform strategy that turns defined benefits (DB) public pay-as-you-go-systems into notional defined contribution (NDC) systems. We show that properly designed NDC public pension systems contain powerful economic and political mechanisms that may facilitate pension reform, but that the distinction between public NDC and DB systems is more ambiguous than usually claimed.
AB - This paper provides a critical review of the pension reform strategy that turns defined benefits (DB) public pay-as-you-go-systems into notional defined contribution (NDC) systems. We show that properly designed NDC public pension systems contain powerful economic and political mechanisms that may facilitate pension reform, but that the distinction between public NDC and DB systems is more ambiguous than usually claimed.
UR - http://www.scopus.com/inward/record.url?scp=77957311392&partnerID=8YFLogxK
U2 - 10.1162/jeea.2005.3.2-3.458
DO - 10.1162/jeea.2005.3.2-3.458
M3 - Article
AN - SCOPUS:77957311392
SN - 1542-4766
VL - 3
SP - 458
EP - 465
JO - Journal of the European Economic Association
JF - Journal of the European Economic Association
IS - 2-3
ER -