Habermann, Christian; Fehr, Hans - Wirtschaftswissenschaftliche Fakultät, Bayerische … - 2003
The present paper compares the distributional and risk-sharing consequences of two pension reform proposals in Germany … calculation. While the first reform proposes a so-called "sustainability factor" which measures the changes in the dependency … ratio, the second reform proposes a so-called "demographic factor" which takes into account the changes in life expectancy …