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The Demographic Change in Germany: Implications for the Pension Scheme

In: Globalization and Public Policy

Author

Listed:
  • Steffen Bamann

    (Augsburg University)

  • Mohammad Imran Qureshi

    (Bergamo University)

  • Swita Samimi

    (Augsburg University)

  • Nathan Viets

    (Indiana University)

  • Daniela Zanga

    (Bergamo University)

  • Elizaveta Kundas

    (Lomonosov Moscow State University)

Abstract

Similar to other advanced industrialized countries, Germany’s low population growth and aging workforce put considerable pressure on its national pension system. This chapter begins with an overview of the country’s changing demographics and the pressures they place on the pension system. Next, the chapter reviews some of the major reforms that have been implemented to relieve the strain. The closing section considers several policy strategies that might improve the country’s demographic profile and ensure proper functioning of the pension system. Immigration reforms, family support policies, reduction of future pension obligations and public awareness campaigns are among the most likely measures to improve the pension system performance in the long-run.

Suggested Citation

  • Steffen Bamann & Mohammad Imran Qureshi & Swita Samimi & Nathan Viets & Daniela Zanga & Elizaveta Kundas, 2015. "The Demographic Change in Germany: Implications for the Pension Scheme," Springer Books, in: David Audretsch & Erik Lehmann & Aileen Richardson & Silvio Vismara (ed.), Globalization and Public Policy, edition 127, pages 121-135, Springer.
    • Handle: RePEc:spr:sprchp:978-3-319-17692-5_7
    DOI: 10.1007/978-3-319-17692-5_7
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