, Volume 95, Supplement 1, pp 7–15 | Cite as

Rentenpolitik im Angesicht des demografischen Wandels

Problemverschärfung statt Rationalität
  • Christoph M. Schmidt
Rentensystem/SVR Wirtschaft

Pension policy in times of demographic change: Currently moving backwards


Demographic change inevitably shifts the balance between contributors and recipients in the pension system. Moreover, in the German pension system benefit levels are closely linked to the current state of economic prosperity. Therefore, in the coming decades stabilisation of old-age security cannot exclusively rely on fostering economic growth. Rather, reforms need to be initiated which directly address the endangered demographic balance. Most importantly, workers will have to accept longer lifetime work records, countervailing their increasing life expectancy and the corresponding increase in years of expected pension receipt. Current pension policy in Germany runs counter to this insight, though, leading to even higher reform requirements in the years ahead.

JEL Classification

H55 J18 J26 


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Copyright information

© ZBW and Springer-Verlag Berlin Heidelberg 2015

Authors and Affiliations

  1. 1.Rhein.-Westf. Inst. für WirtschaftsforschungEssenGermany

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