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Public pay-as-you-go pensions still form the dominant pillar of old-age provision in Germany. This is in marked … recovery from the Great Recession. It has disadvantages, as Germany will be ageing very rapidly in the near future. Following a …
Persistent link: https://www.econbiz.de/10011429583
The upcoming demographic crisis in Germany demands fundamentalreforms of the pension system. In a democracy, reforms …. After 2023, Germany will be characterizedby a gerontocratic system where the old decide over the young. Only the fearthat …
Persistent link: https://www.econbiz.de/10011400295
This paper considers the arguments for fundamental pension reform in Germany and the United States. The two countries …
Persistent link: https://www.econbiz.de/10011399275
Like in many other OECD countries, the population will age rapidly in Germany during the next decades. This undermines … the demographic transition in Germany. Given the current unfunded pension system, the model first calculates a baseline …
Persistent link: https://www.econbiz.de/10010499031
This paper presents long term projections of the German pension system that are based on a general equilibrium model with overlapping generations (OLG). This framework takes into account the two way feedback of both micro and macroeconomic relationships, meaning that households, for example,...
Persistent link: https://www.econbiz.de/10012197894
The paper analyses the impact of demographic developments on the German pension system until the year 2060. The projections are simulated for a range of assumptions on the latest demographic trends and on the labour market and comprise the latest pension legislation. As a central innovation we...
Persistent link: https://www.econbiz.de/10011782034
countries. In the paper, we compare the labour market developments in four countries: Germany, Italy, Poland, and Sweden. There … are pronounced differences in the labour market participation in the four countries: high levels of employment in Germany …
Persistent link: https://www.econbiz.de/10011798236
-term sustainability. We argue that the latest reforms have moved pension provision in Germany in principle from a defined benefit to a … ; Financial Crisis ; Fiscal Sustainability Survey ; Germany …
Persistent link: https://www.econbiz.de/10003857711
birth cohorts in Germany. The analysis is based on a rich dataset that combines household survey data from the German Socio … East Germany and for the low educated. Using simulated life cycle employment and income profiles, we project gross future …
Persistent link: https://www.econbiz.de/10003942294
birth cohorts in Germany. The analysis is based on a rich dataset that combines household survey data from the German Socio … East Germany and for the low educated. Using simulated life cycle employment and income profiles, we project gross future …
Persistent link: https://www.econbiz.de/10003945965