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Lehren aus den Rentenreformen seit 1972

Author

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  • Axel Börsch-Supan

Abstract

Thanks to the reform process between 1992 and 2007, Germany was in a very good position to master demographic change. These reforms were farsighted, they stabilised the public pension system and they significantly increased employment, the foundation of every old age provision. The “Pension Package 2014”, however, is putting this position in jeopardy by focusing on the older generation at the expense of the young, whoich needs more education and better health care, areas in which Germany exhibits only mediocre performance. A farsightedIf a demographicy strategy wants to be farsighted, its core cannot centre onbe reductions in the retirement age and similar expensive steps backwards, but will instead require investments into Germany’s youth. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2015

Suggested Citation

  • Axel Börsch-Supan, 2015. "Lehren aus den Rentenreformen seit 1972," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 95(1), pages 16-21, February.
    • Handle: RePEc:spr:wirtsc:v:95:y:2015:i:1:p:16-21
    DOI: 10.1007/s10273-015-1796-9
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    More about this item

    Keywords

    H55; J11; J26;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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