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What determines supply and demand for occupational pensions in Germany?

Published online by Cambridge University Press:  11 April 2008

KATHRIN DUMMANN
KATHRIN DUMMANN
Affiliation:
University of Rostock, Department of Economics, Ulmenstr. 69, 18057 Rostock, Germany (e-mail: [email protected])
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Abstract

Demographic change causes an undersupply of financial old age benefits within the statutory pay-as-you-go pension system in Germany. Therefore, the provision of occupational as well as private pensions has to be enhanced. However, there seems to be an undersupply of occupational pension provision particularly in small and medium sized enterprises (SMEs). Using survey data of the German Socio-Economic Panel (GSOEP) and the German SAVE survey, the present paper studies econometrically the determinants of occupational pension provision in Germany. It shows that occupational pensions depend not only on supply-side factors such as firm size and industry, but also on demand-side factors such as individual sociodemo-graphic attributes and people's savings motives.

Type
Articles
Information
Journal of Pension Economics & Finance , Volume 7 , Issue 2 , July 2008 , pp. 131 - 156
Copyright
Copyright © 2008 Cambridge University Press

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