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The paper examines the effects of ageing and makes a case for partial prefunding of pensions. The argument is based on inter-generational fairness in a situation where pension expenditure as compared to wages increases due to low fertility and increasing longevity. We illustrate the approach by...
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Reforms to pension policies rank high on the policy agenda in many countries. Certain reforms have already been undertaken and those proposed inevitably deal with a number of difficult challenges and potential trade-offs. These include the desirability of providing adequate replacement income...
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Reformen in Deutschland, die auf eine weit reichende Umstrukturierung der Rahmenbedingungen, des Förderinstrumentariums und … subsidies (Agenda 2010, "Hartz-rules"). It appears that neglecting the interrelation of effects may endanger the reform … neglecting the economic, financial and social interrelations in the political debates as well as in the legislative reform …
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