Germany S Pensions Reform
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German Pension Reform
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Author : Christina Benita Wilke
language : en
Publisher: Peter Lang
Release Date : 2009
German Pension Reform written by Christina Benita Wilke and has been published by Peter Lang this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Business & Economics categories.
The German pension system was the first formal pension system in the world, designed by Bismarck nearly 120 years ago. It has been very successful in providing high and reliable pension levels at reasonable contribution rates. While the generosity of the German pension system is considered a great social achievement, negative incentive effects of past reforms in the 1970s and 1980s and population aging are threatening the very core of the system. This has led to fundamental pension reforms since 1992. Based on a detailed simulation model of the German pension system, this book provides a thorough assessment of the system and its reforms. It shows that the latest reforms have put the system back onto a stable path and moved it from the old monolithic towards a multi-pillar system.
Political Determinants Of Evolution And Reform Of The German Public Pension Plan
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Author : Nicole Petrick
language : en
Publisher: GRIN Verlag
Release Date : 2009-08
Political Determinants Of Evolution And Reform Of The German Public Pension Plan written by Nicole Petrick and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-08 with categories.
Seminar paper from the year 2005 in the subject Economics - Finance, grade: 1,3, Humboldt-University of Berlin, 13 entries in the bibliography, language: English, abstract: The paper discusses the evolution and reform of the German public pension plan in respect to its history, theoretical approaches to explain the choice and evolution of pension plans and takes current issues in account in order to evaluate the suggestions made and to show what political determinants influence future reform. Part 1 of this paper will give a short review of the history of the German public pension plan between the late 19th century and today. Part 2 will show how decisions made in the past could be explained and will use political approaches to explain the choice and evolution of pension schemes and pension reform. Part 3 of this paper will then consider the current problems faced by the pension system and will discuss different proposals made. It will consider the current situation of the German public pension plan and will use political determinants in order to examine how the future reform of the public pension fund in Germany could develop. A small critique will be given at the end.
Pensions Challenges And Reforms
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Author : Einar Overbye
language : en
Publisher: Routledge
Release Date : 2017-11-28
Pensions Challenges And Reforms written by Einar Overbye and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-28 with Business & Economics categories.
Throughout the developed world, public and private pension schemes face major challenges that are creating irresistible pressures for reform. Major structural changes in Latin America and in Central and Eastern Europe have led to particularly fierce pressure. Two member states of the European Union - Italy and Sweden - have introduced radical reform of their public pensions systems; controversial pension reforms have been proposed in France and Germany; and the British government has been widely criticized over its pension reforms and its 2002 white paper. This exceptional volume examines the challenges faced by pension schemes in the advanced economies and the reforms that have been introduced to tackle these challenges. A team of international contributors provides an up-to-date, invaluable analysis of different aspects of pension problems, prospects and reforms. The book incorporates cross-national chapters as well as a focus on individual countries including Belgium, Brazil, Colombia, Finland, Greece, Italy, Sweden, the UK and the USA.
The Reform Of Bismarckian Pension Systems
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Author : Martin Schludi
language : en
Publisher: Amsterdam University Press
Release Date : 2005
The Reform Of Bismarckian Pension Systems written by Martin Schludi and has been published by Amsterdam University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
Offers an analysis of the political process involved in the reform of the pension systems in European countries.
Growing Old In Dignity
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Author : Eugen Stumpf
language : en
Publisher: GRIN Verlag
Release Date : 2011-11
Growing Old In Dignity written by Eugen Stumpf and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-11 with Political Science categories.
Research Paper (undergraduate) from the year 2011 in the subject Politics - Political Systems - Germany, grade: 1,0, University of applied sciences, Düsseldorf, course: Economics - MBA, Master of Business Administration, language: English, abstract: This paper surveys the situation of the German pension system after a sequence of reforms which started as a fully funded system implemented by Bismarck during the 1880s, with a mandatory retirement age of 70 years when male life expectancy at birth was less than 45 years. Today, life expectancy for men is more than 80 years. After a long and arduous debate in the German Bundestag, agreements on a comprehensive pension reform resulted in the pension reform of 1957, which mainly established changes such as the normal retirement age at 65, the retirement at the age of 60 for elderly unemployed, the retirement for women at the age of 60 and, at last, the introduction of dynamic benefits indexed to gross wages which had an immediate impact on the economic wellness of current retirees. Thereafter, the 1972 reform made the German pension system one of the most generous of the world, as it mainly opened the public pension insurance system to all workers with generous terms for back-payment of contributions and eased the terms and conditions for early retirement by the implementation of the so-called 'flexible retirement', as discussed in chapter 1 of this paper. The following pension reforms discussed in this paper are the "Riester reform" of 2001 with the following main objectives: the sustainability of contribution rates in order to secure the long-term stability of pension levels and the spread of supplementary private pension savings, and continuing with the efforts of the Rürup commission which culminated in the "Rürup reform" of 2004 which the objective to stabilize contribution rates while at the same time ensuring appropriate future pension levels. Based on the above, it can be concluded that on the whole the sequence o
The Political Economy Of Pension Reform In Central Eastern Europe
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Author : Katharina Müller
language : en
Publisher: Edward Elgar Publishing
Release Date : 1999
The Political Economy Of Pension Reform In Central Eastern Europe written by Katharina Müller and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Business & Economics categories.
This volume contains the findings of the research project "Institutional Change in Social Security: Pension Reforms in Poland, Hungary and the Czech Republic," which was completed in early 1999. Muller, a research fellow with the Frankfurt Institute for Transformation Studies at the European University Viadrina, examines the partial privatization path that Poland and Hungary chose, and compares their Latin American-styled methods to those of the Czech Republic (which fall well within the boundaries of the Bismarckian-Beveridgean pension traditions). In particular, she looks at which structural-institutional and actor-related factors account for radial pension reform. Annotation copyrighted by Book News, Inc., Portland, OR
Social Security Pension Reform In Europe
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Author : Martin Feldstein
language : en
Publisher: University of Chicago Press
Release Date : 2009-02-15
Social Security Pension Reform In Europe written by Martin Feldstein and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-02-15 with Political Science categories.
Social Security in the United States and in Europe is at a critical juncture. Through the essays assembled in Social Security Pension Reform in Europe, Martin Feldstein and Horst Siebert, along with a number of distinguished contributors, discuss the challenges facing Social Security reform in the aging societies of Europe. A remarkable range of European nations—Germany, France, Finland, the Netherlands, Poland, Romania, Italy, Sweden, the United Kingdom, and Hungary—have implemented or are about to implement mixed Social Security systems that combine a traditional defined benefit of the pay-as-you-go system with an individual retirement account defined contribution of a capital-funded system. The essays here highlight the problems that the European pension reform process faces and how it differs from that of the United States. This timely volume will significantly enrich the debate on pension reform worldwide.
Reforming European Welfare States
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Author : Jochen Clasen
language : en
Publisher: OUP Oxford
Release Date : 2005-08-25
Reforming European Welfare States written by Jochen Clasen and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-08-25 with Political Science categories.
Welfare state reform has been a focus of domestic policy making in many European countries in recent years. Representing almost a third of the EU population and two distinctive models of European welfare states, this book compares development in British and German social policy over the past 25 years. During this time four periods of conservative governments were followed by centre-left administrations in both countries. Moreover, the respective economic and social positions of the two countries have been reversed. Adverse socio-economic developments have contributed to the waning of the erstwhile appeal of Germany as a role model of welfare capitalism. By contrast, the UK is seen by some as being on its way to gaining such a position. These trends provide an analytically intriguing background for a systematic contextualized comparison of reform processes in the two welfare states. Concentrating on three core domains of social policy, the book argues that unemployment support and public pension programmes have been subjected to retrenchment, as well as to restructuring. By contrast, family policies have been extended in both countries. However, patterns of retrenchment and restructuring differ across countries and programmes. In order to explain similarities and variations, the book emphasizes the relevance of three sets of factors: shifts in party policy preferences and power relations, three institutional variables, and contingent factors impinging on policy direction and profiles. Within pension policy, the relevance of different institutional characteristics and the respective balance between private and public forms of retirement suggest that the concept of 'path dependence' is particularly instructive. By contrast, differences in programme structures and their role within national political economies prove to be most relevant for the understanding of changes in unemployment support policy. Less institutionally embedded and expanding, the trajectories of family policies have to be seen in the context of dynamic party policy preferences.
The Rationale For Fundamental Pension Reform In Germany And The United States
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Author : Gary Burtless
language : en
Publisher:
Release Date : 2001
The Rationale For Fundamental Pension Reform In Germany And The United States written by Gary Burtless and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.
This paper considers the arguments for fundamental pension reform in Germany and the United States. The two countries have recently made or are considering reforms that would reduce the generosity of the tradional, pay-as-you-go pension system. Some or all of the lost benefits would be replaced by pensions from newly created individual, defined-benefit retirement accounts. The paper addresses three questions that are relevant for assessing fundamental reform: (1)Should the pension system move toward advance funding of future benefit obligations? (2)What financial assets should be accumulated to back future pension promises? (3)Should the existing system be reformed to include individual retirement accounts?
Pension Reform In Six Countries
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Author : Axel H. Börsch-Supan
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Pension Reform In Six Countries written by Axel H. Börsch-Supan and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Political Science categories.
AxeI Borsch-Supan and Meinhard Miegel The provision of retirement income is a dynamic system that needs to be adapted constantly to the ever changing economic and societal environment. Sometimes, incremental adaptations suffice; sometimes, however, larger reform steps are necessary. We see this evolutionary process both through history and across countries. Over and again societies are confronted with new challenges, not the least with respect to old age social security. At this juncture of history, almost all industrialized countries face rapid population aging and need. to adapt their pension systems to this historically unprecedented demographic change. The six countries in this study (Chile, Germany, Great Britain, the Netherlands, Switzerland, and the United States) have responded very differently to this new challenge. This is the point of departure for this book. Why did the countries respond so differently? What can we learn from each other? It is not the point of this book to provide a universally optimal solution to the pension problems caused by population aging. The six countries are simply too different in terms of their demographic and cultural, and in particular in terms of their historical and economic backgrounds. However, since national discussions tend to be surprisingly narrowly focussed even in times of globalization, there is much to learn by looking over the neighbor' s fence. And since some countries have reformed earlier than others, we even have the benefit of quite a few trials and errors in one country from which all other countries can learn.