German Pension Reform : On Road Towards a Sustainable Multi-Pillar System

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Tác giả: Christina Wilke

Ngôn ngữ: eng

ISBN-13: 978-3631750490

ISBN: b13605

Ký hiệu phân loại: 331.25220943 Conditions of employment

Thông tin xuất bản: Bern Peter Lang International Academic Publishers 2018

Mô tả vật lý: 1 electronic resource (210 p.)

Bộ sưu tập: Tài liệu truy cập mở

ID: 240854

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.
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