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When will the Germans get trapped in their pension system?
Sinn, Hans-Werner; Übelmesser, Silke - 2001
The upcoming demographic crises in Germany demands fundamental reforms of the pension system. In a democracy, reforms … enforced. After 2023, Germany will be characterized by a gerontocratic system where the old decide over the young. Only the …
Persistent link: https://www.econbiz.de/10001626054
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The threat to the German welfare state
Sinn, Hans-Werner - 2000
Germany is in a dilemma. Low wage competition via product and factor markets increases the demands on the welfare state …, but increased systems competition in the context of international factor mobility reduces the possibilities of maintaining …
Persistent link: https://www.econbiz.de/10001512981
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The crisis of Germany's pension insurance system and how it can be resolved
Sinn, Hans-Werner - 1999
Persistent link: https://www.econbiz.de/10013361008
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Pension reform and demographic crisis : why a funded system is needed and why it is not needed
Sinn, Hans-Werner - 1999
Based on explicit present value calculations, the paper critizises the view theat den PAYGO system wastes economic resources. In present value terms, there is nothing to be gained from a transition to a funded system even though the latter offers a permanently higher rate of return. The sum of...
Persistent link: https://www.econbiz.de/10013361009