Heiss, Florian; Ludwig, Alexander; Winter, Joachim - Munich Center for the Economics of Aging (MEA) at the … - 2002
This paper discusses the consequences of population aging and a fundamental pension reform – that is, a shift towards … compare the effects of the recent German pension reform with those of a more decisive reform that would freeze the current pay … stock will decrease once the baby boom generations enter retirement even if there were no fundamental pension reform. The …