Sleeping baby: With around 750,000 births a year, a generational pension would cost taxpayers 3.8 billion euros.
(Photo: Stone/Getty Images)
Berlin The old stock market master André Kostolany said: “Buy shares, take sleeping pills.” The idea behind this is that share portfolios can yield a substantial return if you just leave them there long enough.
The finance scientist Raimond Maurer from the University of Frankfurt and the lawyer Hans-Peter Schwintowski from the Humboldt University in Berlin have now investigated how this principle could be used for old-age provision.
Her suggestion: For every newborn, the state invests 5,000 euros from budget funds in the global capital market. A look back shows what return opportunities there are. If the so-called generational pension had already been introduced with the year of birth 1948, then the citizens receiving gifts from the state would have saved between 68,900 and almost 700,000 euros up to the age of 63 – depending on the portfolio variant.
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