Die derzeitigen Altersvorsorgesysteme stehen durch die demographischen Entwicklungen in den meisten Industrieländern in absehbarer Zukunft vor gravierenden Problemen. Da die staatliche Alterssicherung keine adäquate Versorgung im Alter sicherstellt, muss zusätzlich eine Absicherung durch...

Demographic change has differential impacts on the welfare of current and future generations. In a simple closed economy, aging -- a relative scarcity of young workers -- increases wages, increasing the welfare of the young. At the same time, population aging will reduce rates of return to...

Demographic change has differential impacts on the welfare of current and future generations. In a simple closed economy, aging -- a relative scarcity of young workers -- increases wages, increasing the welfare of the young. At the same time, population aging will reduce rates of return to...