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German Pension Reform

On Road Towards a Sustainable Multi-Pillar System

by Christina Wilke (Author)
©2009 Thesis XIV, 196 Pages
Open Access
Series: Sozialökonomische Schriften, Volume 34
  • eBook

Summary

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.

Details

Pages
XIV, 196
Year
2009
ISBN (PDF)
9783631750490
ISBN (Softcover)
9783631588512
DOI
10.3726/b13605
Open Access
CC-BY
Language
English
Publication date
2018 (September)
Keywords
Rentenreform Demographischer Wandel Interne Rendite Riester-Rente
Published
Frankfurt am Main, Berlin, Bern, Bruxelles, New York, Oxford, Wien, 2009. XIV, 196 pp., num. fig. and tables

Biographical notes

Christina Wilke (Author)

The Author: Christina Benita Wilke is Managing Director and Researcher in the area of old-age provision and savings at the Mannheim Research Institute for the Economics of Aging (MEA). She has been actively involved in the Rürup Commission’s work and has published several papers on the German pension system.

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Title: German Pension Reform