In May 2001, Germany adopted a fundamental pension reform cutting back public pensions and introducing personal pension …, necessary beyond 2025. As the enacted savings rate target is conservative, individual pensions keep retirement income sufficient … even if returns to pension funds are low due to legal restrictions on savings vehicles. …

In May 2001, Germany adopted a fundamental pension reform cutting back public pensions and introducing personal pension …, necessary beyond 2025. As the enacted savings rate target is conservative, individual pensions keep retirement income sufficient … even if returns to pension funds are low due to legal restrictions on savings vehicles. …

savings relative to pay-as-you go systems. Our results indicate that more wealth should be transferred from the young to the … implicit return on a pay-as-you-go system and the interest rate on savings should be equal to the growth rate of the economy …

Like in many other OECD countries, the population will age rapidly in Germany during the next decades. This undermines … the demographic transition in Germany. Given the current unfunded pension system, the model first calculates a baseline …

industry. A unique data set, which contains detailed information on almost 2.5 million accounts in 11 German savings banks … higher profits for their banks. -- demography ; banking ; savings banks ; profitability …

im Fertilitätsverhalten gäbe es im Jahr 2050 in der Bundesrepublik Deutschland nur noch ca. 52 Millionen Menschen … first step population modells for positive migration and rising fertility are presented for the Federal Republic of Germany …

Methodik zu Indikatoren für die langfristige Tragfähigkeit der öffentlichen Finanzen in Deutschland zusammengefasst. Die … aktualisierten Modellrechnungen verdeutlichen, dass in Deutschland mit Rücksicht auf die langfristige Tragfähigkeit der öffentlichen …