Budgetsanierung und Pensionsreform

An effective reduction of budgetary deficits nessecitates the reform of sizeable budgetary programs. In face of high and increasing budgetary transfers to the public pension schemes their reform can be considered as a necessary condition for budgetary consolidation. The exposition of structural char...

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Bibliographic Details
Published in:Empirica : journal of european economics, Vol. 11, No. 2 (1984), p. 235-259
Main Author: Holzmann, Robert
Format: electronic Article
Language:German
ISSN:1573-6911
Physical Description:Online-Ressource
DOI:10.1007/BF00926357
Subjects:
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520 |a An effective reduction of budgetary deficits nessecitates the reform of sizeable budgetary programs. In face of high and increasing budgetary transfers to the public pension schemes their reform can be considered as a necessary condition for budgetary consolidation. The exposition of structural characteristics and dynamic properties of the public pension system not only permits an explanation of the actual financial situation, but also facilitates the quantitative evaluation of some reform steps which are being undertaken. Their estimated financial effects appear too small to have an important impact on the consolidation of the federal budget. 
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