Arbeitspapier
Decomposition of Demographic Effects on the German Pension System
The paper analyses the impact of demographic developments on the German pension system until the year 2060. The projections are simulated for a range of assumptions on the latest demographic trends and on the labour market and comprise the latest pension legislation. As a central innovation we present a decomposition approach which allows to identify the isolated effects of mortality, fertility and migration developments on the dynamics of the German pension system. We show that the past population structure - driven by past fertility changes - and future mortality improvements will be the most important factors shaping the development of the German pension system. The results have a number of implications for effective and sustainable pension reforms.
- Language
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Englisch
- Bibliographic citation
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Series: CESifo Working Paper ; No. 6834
- Classification
-
Wirtschaft
Social Security and Public Pensions
- Subject
-
population ageing
German pension system
labour market
- Event
-
Geistige Schöpfung
- (who)
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Fenge, Robert
Peglow, François
- Event
-
Veröffentlichung
- (who)
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Center for Economic Studies and ifo Institute (CESifo)
- (where)
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Munich
- (when)
-
2017
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Fenge, Robert
- Peglow, François
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2017
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