Börsch-Supan, Axel; Reil-Held, Anette; Wilke, Christina - Sonderforschungsbereich 504 "Rationalitätskonzepte, …; … - 2007
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...