Due to the accelerating demographic change of the population the reform of the existing pension systems constitutes one of the greatest political challenges in most European countries. A theoretical discussion of different pension reforms must incorporate not only the demographic aspect but also...

Pensionomics puts forward a portfolio perspective on the combination of funded and unfunded pension arrangements. In a second-best type argument it is formally shown that a Pay-As-You-Go pension system can substitute the tradability of human capital. While this ideal form of diversification can...

The book is the first of its kind to attempt to deal with the economics of pensions and ageing on the basis of a rigorous theoretical framework alternative to neoclassical economics. Sergio Cesaratto breaks the dominant conformism in the current pension debate and explains that the strength of...

Der vorliegende Band enthält die auf der Jahrestagung 1997 des Ausschusses für Sozialpolitik gehaltenen Referate. Hans Jürgen Rösner behandelt Struktur- und Organisationsprinzipien sozialer Sicherung. Als Funktionen, die ein neues Paradigma zu erfüllen haben, werden Integration,...