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Rentenpolitik im Angesicht des demografischen Wandels

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  • Christoph Schmidt

Abstract

Demographic change inevitably shifts the balance between contributors and recipients in the pension system. Moreover, in the German pension system benefit levels are closely linked to the current state of economic prosperity. Therefore, in the coming decades stabilisation of old-age security cannot exclusively rely on fostering economic growth. Rather, reforms need to be initiated which directly address the endangered demographic balance. Most importantly, workers will have to accept longer lifetime work records, countervailing their increasing life expectancy and the corresponding increase in years of expected pension receipt. Current pension policy in Germany runs counter to this insight, though, leading to even higher reform requirements in the years ahead. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2015

Suggested Citation

  • Christoph Schmidt, 2015. "Rentenpolitik im Angesicht des demografischen Wandels," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 95(1), pages 7-15, February.
    • Handle: RePEc:spr:wirtsc:v:95:y:2015:i:1:p:7-15
    DOI: 10.1007/s10273-015-1795-x
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    More about this item

    Keywords

    H55; J18; J26;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J18 - Labor and Demographic Economics - - Demographic Economics - - - Public Policy
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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