The upcoming demographic crisis in Germany demands fundamentalreforms of the pension system. In a democracy, reforms are, however, onlyfeasible when they are supported by the majority of the electorate. Todetermine whether the majority is in favor of reforms of the pension system,we calculate...

Die Studie "EU-Erweiterung und Arbeitskräftemigration" wurde vom ifo Institut für Wirtschaftsforschung , München, im Forschungsbereich Sozialpolitik und A r - beitsmärkte erstellt und im Dezember 2000 abgeschlossen. Auftraggeber war das Bundesministerium für Arbeit und Sozialordnung ....

The upcoming demographic crises in Germany demands fundamental reforms of the pension system. In a democracy, reforms are, however, only feasible when they are supported by the majority of the electorate. To determine whether the majority is in favor of reforms of the pension system, we...

The paper discusses the options for a reform of the German pension system using a model developed at CES for the German Council of economic advisors to the Federal Ministry of Economics and Research. It is argued that the German pay-as-you-go-system is efficient in a present value sense but will...