German Pension Reform : On Road Towards a Sustainable Multi-Pillar System
Wilke, Christina
German Pension Reform : On Road Towards a Sustainable Multi-Pillar System - Bern Peter Lang International Academic Publishing Group 2018 - 1 electronic resource (210 p.)
Open Access
The German pension system was the first formal pension system in the world, designed by Bismarck nearly 120 years ago. It has been very successful in providing high and reliable pension levels at reasonable contribution rates. While the generosity of the German pension system is considered a great social achievement, negative incentive effects of past reforms in the 1970s and 1980s and population aging are threatening the very core of the system. This has led to fundamental pension reforms since 1992. Based on a detailed simulation model of the German pension system, this book provides a thorough assessment of the system and its reforms. It shows that the latest reforms have put the system back onto a stable path and moved it from the old monolithic towards a multi-pillar system.
Creative Commons
English
b13605
10.3726/b13605 doi
Monetary economics
Labour economics
Political economy
Welfare economics
Economic systems & structures
Demographischer Wandel German Interne Rendite Multi Pension Pillar Reform Rentenreform Riester-Rente Road Sustainable System Towards Wilke
German Pension Reform : On Road Towards a Sustainable Multi-Pillar System - Bern Peter Lang International Academic Publishing Group 2018 - 1 electronic resource (210 p.)
Open Access
The German pension system was the first formal pension system in the world, designed by Bismarck nearly 120 years ago. It has been very successful in providing high and reliable pension levels at reasonable contribution rates. While the generosity of the German pension system is considered a great social achievement, negative incentive effects of past reforms in the 1970s and 1980s and population aging are threatening the very core of the system. This has led to fundamental pension reforms since 1992. Based on a detailed simulation model of the German pension system, this book provides a thorough assessment of the system and its reforms. It shows that the latest reforms have put the system back onto a stable path and moved it from the old monolithic towards a multi-pillar system.
Creative Commons
English
b13605
10.3726/b13605 doi
Monetary economics
Labour economics
Political economy
Welfare economics
Economic systems & structures
Demographischer Wandel German Interne Rendite Multi Pension Pillar Reform Rentenreform Riester-Rente Road Sustainable System Towards Wilke