Rational Pension Reform | Munich Center for the Economics of Aging - MEA

Publication Series of the MPI for Social Policy

Rational Pension Reform

Content This paper is motivated by the idea to create, wherever possible, rational mechanisms that adapt pension systems automatically to a changed economic and demographic environment, rather than to leave such adaptations to discretionary high-profile pension reforms which all too often stir political opposition. The paper delineates the theory behind such rational mechanisms, shows the advantages and limits of „self-stabilizing“ pension systems, and compares the Swedish and the German approaches to rule-bound pension policy.
Publication Details

Axel Börsch-Supan