We investigate the development of public pensions in Germany and how its significance will change when the multi-pillar systems matures due to population aging. The message of our analysis is complex. Even after the pension reforms which took place between 2001 and 2007 public pensions will...

In spring 2007 the German government increased the statutory retirement age from 65 to 67. We simulate the long-term impact of this measure on the budget of the German public pension system. In contrast to previous simulations our results are based on a model that explicitly accounts for...

This paper investigates the savings behaviour of German households, especially their capability and their reasons to save. We find that about one third of private households do not save at all while about 50 percent of the households save very regularly. Savings rates appear to be related to...

This paper describes the German pension reform process 1992-2007 with a stress on a remark-able development: the public pay-as-you-go-financed pension system has almost silently moved from a traditional defined benefit system to a system which works in many respects like a defined contribution...

Deutschland verfügt über eines der großzügigsten Rentensysteme der Welt. Gleichzeitig ist Deutschland mit einem der weltweit drastischsten Bevölkerungsalterungsprozesse konfrontiert. Das Verhältnis von Erwerbstätigen zu Rentnern wird innerhalb der nächsten Generation auf etwa 1:1...

This template provides the prototype for a set of papers from Belgium, France, Germany, Italy, Japan, the Netherlands, UK and US, each describing and explaining household saving. All papers will have the same format. The template uses Germany as an example. The analysis is based on four unlinked...

Pay-as-you go pension systems are an insurance against the risks of longevity-related old-age poverty and related risks. In addition, they are commonly also used as an instrument of redistribution. This paper provides alternative estimates of the transfer share in the German PAYG public pension...