Abstract
Similar to other advanced industrialized countries, Germany’s low population growth and aging workforce put considerable pressure on its national pension system. This chapter begins with an overview of the country’s changing demographics and the pressures they place on the pension system. Next, the chapter reviews some of the major reforms that have been implemented to relieve the strain. The closing section considers several policy strategies that might improve the country’s demographic profile and ensure proper functioning of the pension system. Immigration reforms, family support policies, reduction of future pension obligations and public awareness campaigns are among the most likely measures to improve the pension system performance in the long-run.
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Bamann, S., Qureshi, M.I., Samimi, S., Viets, N., Zanga, D., Kundas, E. (2015). The Demographic Change in Germany: Implications for the Pension Scheme. In: Audretsch, D., Lehmann, E., Richardson, A., Vismara, S. (eds) Globalization and Public Policy. Springer, Cham. https://doi.org/10.1007/978-3-319-17692-5_7
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