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Based on explicit present value calculations, the paper criticizes the view that the PAYGO system wastes economic resources. In present value terms, there is nothi ng to be gained from a transition to a funded system even though the latter offers a permanently higher rate of return. The sum of...
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Demographic change inevitably shifts the balance between contributors and recipients in the pension system. Moreover, in the German pension system benefit levels are closely linked to the current state of economic prosperity. Therefore, in the coming decades stabilisation of old-age security...
Persistent link: https://www.econbiz.de/10010520346
The upcoming demographic crisis in Germany demands fundamentalreforms of the pension system. In a democracy, reforms are, however, onlyfeasible when they are supported by the majority of the electorate. Todetermine whether the majority is in favor of reforms of the pension system,we calculate...
Persistent link: https://www.econbiz.de/10011400295
Deutschland ist zum kranken Mann Europas geworden. Das Bildungssystem ist miserabel, die Wettbewerbsfähigkeit …-Punkte-Programm für die Erneuerung der Wirtschaft", was sofort getan werden muss, um Deutschland zu retten. …Deutschland ist zum kranken Mann Europas geworden. Das Bildungssystem ist miserabel, die Wettbewerbsfähigkeit …
Persistent link: https://www.econbiz.de/10001760117
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The upcoming demographic crises in Germany demands fundamental reforms of the pension system. In a democracy, reforms are, however, only feasible when they are supported by the majority of the electorate. To determine whether the majority is in favor of reforms of the pension system, we...
Persistent link: https://www.econbiz.de/10001626054
. Das Stimmverhältnis wird dann umkippen, und Deutschland wird sich im Regime einer Gerontokratie mit problematischen …
Persistent link: https://www.econbiz.de/10001516529
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Deutschland verwandelt sich aufgrund der geringen Geburtenrate allmählich in eine "Gerontokratie". Diese Entwicklung …
Persistent link: https://www.econbiz.de/10001741510