1.

Record Nr.

UNINA9910297043703321

Autore

Wilke Christina B

Titolo

German Pension Reform : On Road Towards a Sustainable Multi-Pillar System / Bert Rürup, Bert Rürup, Christina Wilke

Pubbl/distr/stampa

Frankfurt a.M, : PH02, 2018

2018, c2009

ISBN

9783631750490

3631750498

Edizione

[1st, New ed.]

Descrizione fisica

1 online resource (210 p.) : , EPDF

Collana

Sozialökonomische Schriften ; 34

Soggetti

Monetary economics

Labour economics

Political economy

Welfare economics

Economic systems & structures

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Peter Lang GmbH, Internationaler Verlag der Wissenschaften

Nota di contenuto

Contents: Demographic challenges and labor market potentials for the German pension system - Evaluation of the German pension reform process - Notional defined contribution systems as a reform alternative - Intergenerational distribution and deterministic and stochastic internal rates of return.

Sommario/riassunto

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.