Abstract:
In the past, the German statutory pension scheme has been exposed to numerous policy interventions. In this article we analyze the effects of the latest reforms on the future development of the contribution rate as well as the public pension level. Furthermore, we quantify the extent of an increase of the average retirement age on the funding of the pension scheme, as the increase can temporarily dilute the financial burden due to demographic transition. Copyright 2008 die Autoren Journal compilation 2008, Verein für Socialpolitik und Blackwell Publishing Ltd.