Börsch-Supan, Axel - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 104 (2024) 2, pp. 102-105
German pension policy faces a dilemma. If it is too generous, it harms contributors, disincentivises labour supply, and crowds out education and infrastructure investment needed to pay for social protection. If it is too frugal, it harms those with social and health issues. Thus, smart...
