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http://hdl.handle.net/10419/27716
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| Titel: | 15 years of pension reform in Germany: old successes and new threats |
| Autoren: | Bonin, Holger |
| Datum: | 2009 |
| Verleger: | ZEW Zentrum für Europäische WirtschaftsforschungMannheim |
| Reihe/Nr.: | ZEW Discussion Papers 09-035 |
| Zusammenfassung: | The paper surveys the state of German pension system after a sequence of reforms aimed at achieving long-term sustainability. We argue that the latest reforms have moved pension provision in Germany in principle from a defined benefit to a defined contribution scheme, and that this move has stabilized pension finances to a large extent. We furthermore argue that the real economy consequences of global financial create threats to the core success factors of the reforms - cutting pension levels and raising mandatory pension age. Finally the paper discusses further possible reform measures, including the option to install a fourth pillar providing income in retirement through working after pension age. |
| Erscheint in der Sammlung: | ZEW Discussion Papers
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