German Pension Reform
German Pension Reform

Author: Christina Benita Wilke

Publisher: Peter Lang

Published: 2009

Total Pages: 216

ISBN-13: 9783631588512

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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.

Sustainability of the German Pension Scheme: Employment at Higher Ages and Incentives for Delayed Retirement
Sustainability of the German Pension Scheme: Employment at Higher Ages and Incentives for Delayed Retirement

Author: Lewicki, Maria Patricia

Publisher: KIT Scientific Publishing

Published: 2014-03-25

Total Pages: 159

ISBN-13: 3731501716

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The aging society and threatening old-age poverty are two major political topics in Germany for the next decades. Many modern employment biographies consist of atypical employment and discontinuities; both negatively impact the pension entitlements of the individuals. This work develops an inninnovative approach that offers flexibility to absorb demographic changes as well as labor market developments, without threatening the financial stability of the public pension scheme.

Pension Systems
Pension Systems

Author: Birgit Mattil

Publisher: Springer Science & Business Media

Published: 2006-01-11

Total Pages: 300

ISBN-13: 9783790816754

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Recently, policy debate and comparative research on old-age pensions have focused on the financial sustainability of pension systems in the face of demographic change. This study, however, also takes into account distributional effects involved in pension system structures. Theoretical, institutional and empirical analyses are combined to form a comprehensive framework for evaluating financial sustainability and distributional effects of the pension systems implemented in Germany and the United Kingdom. Along with projections of demographic trends and future public pension expenditure, the empirical results on old-age incomes and their distribution allow for identifying a number of reform options for each pension system to improve their financial or distributional results.

The Reform of Bismarckian Pension Systems
The Reform of Bismarckian Pension Systems

Author: Martin Schludi

Publisher: Amsterdam University Press

Published: 2005

Total Pages: 312

ISBN-13: 9053567402

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Offers an analysis of the political process involved in the reform of the pension systems in European countries.

The Future of Pension Plans in the EU Internal Market
The Future of Pension Plans in the EU Internal Market

Author: Nazaré da Costa Cabral

Publisher: Springer Nature

Published: 2019-11-26

Total Pages: 359

ISBN-13: 3030294978

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This edited volume takes a closer look at various European pension-plan models and the recent challenges, trends and predictions related to the design of such schemes. The contributors analyse new ideas, both from national governments and European institutions, and consider current debates on topics such as the Capital Markets Union (CMU) and the so-called ‘European Pillar of Social Rights’ – calling for a new approach to social policy at the European level in response to common challenges, such as ageing and the digital revolution.This interdisciplinary work embraces economic, financial and legal perspectives, while focusing on previously selected coherence aspects in order to ensure that the analyses are comprehensive and globally consistent.

Sustainability of the German Pension Scheme
Sustainability of the German Pension Scheme

Author: Maria Patricia Lewicki

Publisher:

Published: 2020-10-09

Total Pages: 158

ISBN-13: 9781013278501

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The aging society and threatening old-age poverty are two major political topics in Germany for the next decades. Many modern employment biographies consist of atypical employment and discontinuities; both negatively impact the pension entitlements of the individuals. This work develops an inninnovative approach that offers flexibility to absorb demographic changes as well as labor market developments, without threatening the financial stability of the public pension scheme. This work was published by Saint Philip Street Press pursuant to a Creative Commons license permitting commercial use. All rights not granted by the work's license are retained by the author or authors.

Joint Report on Pensions
Joint Report on Pensions

Author:

Publisher:

Published: 2010

Total Pages: 96

ISBN-13:

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Recoge: 1. An introduction to pensions reform- 2. A decade in pension reform in the EU - 3. The impact of the crisis - 4. Policy challenges over the long-term - 5. Policy implications.

Reforming the Greek Pension System
Reforming the Greek Pension System

Author: Mr. Alvar Kangur

Publisher: International Monetary Fund

Published: 2021-07-16

Total Pages: 26

ISBN-13: 1513588842

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The Greek pension system has been costly, complex, and distortive, which has contributed to Greece’s fiscal problems and discouraged labor force participation. Several attempts to reform the system faltered due to lack of implementation, pushback by vested interests, and court rulings leading to reversals. A series of reforms introduced throughout 2015–17 unified benefit and contribution rules, removed several distortions and reduced fragmentation and costs. If fully implemented throughout the long-term, these reforms can go a long way towards enhancing the pension system affordability. However, reforms faced setbacks and fell short of creating stronger incentives to build long contribution histories, to deliver sustainable growth by improving the fiscal policy mix, and to ensure fairness and equitable burden sharing across generations and interest groups. Policy priorities should aim towards fully implementing the 2015–17 reforms and complementing them with additional reforms to address these remaining objectives.

Pensions at a Glance 2019 OECD and G20 Indicators
Pensions at a Glance 2019 OECD and G20 Indicators

Author: OECD

Publisher: OECD Publishing

Published: 2019-11-27

Total Pages: 224

ISBN-13: 9264876103

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The 2019 edition of Pensions at a Glance highlights the pension reforms undertaken by OECD countries over the last two years. Moreover, two special chapters focus on non-standard work and pensions in OECD countries, take stock of different approaches to organising pensions for non-standard workers in the OECD, discuss why non-standard work raises pension issues and suggest how pension settings could be improved.

Handbook of Research on Global Aspects of Sustainable Finance in Times of Crises
Handbook of Research on Global Aspects of Sustainable Finance in Times of Crises

Author: Gok, Ibrahim Yasar

Publisher: IGI Global

Published: 2021-11-19

Total Pages: 442

ISBN-13: 1799885038

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Sustainable finance has been one of the emerging areas of finance in the last decade. With its emphasis on any form of financial services that take environmental, social and governance (ESG) considerations into account in decision-making processes, it can help to improve social well-being, preserve the ecosystems and promote sustainable economic development. Furthermore, it can contribute to economic and financial resilience, along with enabling sustainable recovery against crises arising from physical or financial shocks. The Handbook of Research on Global Aspects of Sustainable Finance in Times of Crises discusses theory and concepts, focuses on practices and strategies, addresses the recent challenges and trends, and presents future prospects regarding sustainable finance. It provides a global look at sustainable finance in a variety of contexts, along with highlighting contemporary issues in light of crises such as the climate emergency and the COVID-19 pandemic. Covering a wide range of topics such as climate finance, green finance, social finance, ESG investing and responsible banking, the book is ideal for corporate managers, portfolio managers, investors, financial analysts, researchers, academicians, students and policymakers.