This scholarly work, edited by Bernhard Felderer and authored by experts including Heinz Grohmann, Klaus Jaeger, and Manfred Neumann, examines the demographic development and financing of pension systems. The book, part of the 'Schriften des Vereins für Socialpolitik' series, focuses on theoretical and empirical analyses of pension funding models, including pay-as-you-go and funded systems. Contributions explore the economic implications of different pension schemes, their impact on savings rates, capital accumulation, and economic growth. The authors aim to provide a comprehensive analysis of pension financing mechanisms, addressing both theoretical models and practical implications. Intended for an audience of economists, policymakers, and researchers, the book offers insights into optimizing pension systems amid changing demographic trends. |