Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/283194 
Year of Publication: 
2024
Series/Report no.: 
Jena Economic Research Papers No. 2024-003
Publisher: 
Friedrich Schiller University Jena, Faculty of Economics and Business Administration, Jena
Abstract: 
Demographic change is one of Germany's most pressing social and economic challenges. Using data from a representative telephone survey, we analyze how well informed respondents are about the magnitude of demographic change and what factors influence the accuracy of their beliefs. We find that respondents tend to overestimate the old-age dependency ratio when considering the current and long-term demographic situation separately. However, their beliefs regarding the change of the old-age dependency ratios over the considered period are not far from the projected change. A better understanding of the German statutory pension insurance plays an important role for more accurate beliefs.
Subjects: 
beliefs
belief updating
demographic change
old-age dependency ratio
information provision
JEL: 
H55
D83
Document Type: 
Working Paper

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