{"id":108204,"date":"2024-01-22T15:28:09","date_gmt":"2024-01-22T14:28:09","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/108204\/"},"modified":"2024-04-18T19:10:08","modified_gmt":"2024-04-18T17:10:08","slug":"the-german-pension-reform-a-major-improvement-on-a-payg-system","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/108204\/","title":{"rendered":"The German Pension Reform \u2013 A Major Improvement on a PAYG System"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-108204","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The German pension reform which was passed in the Summer of 2001 will lower the level of statutory pension payments (financed by PAYG) and will introduce a new \"pillar\" of private pensions which are pre-funded, voluntary, and subsidised. Compared with the aims of an ideal pension reform that were formulated by a large group of German and non-German economists, the German pension reform seems to be a small step, which will not be sufficient but will soon be followed by subsequent and larger steps. Many observers believe that the pension level should be lowered even further and that the share of funded claims within the old age security package should be increased ...","onlinedate":"2003-12-01 00:00:00","lang":"English","publication_series":"","publication_date":"20031201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"The German Pension Reform \u2013 A Major Improvement on a PAYG System Economic Policy Issues for the Next Decade\"]","jelcodes":"[]","related_publications":"[]","pdf":null,"zip":null,"link":"http:\/\/www.wkap.nl\/prod\/b\/1-4020-7715-7","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"","journal":"","publisher":"Kluwer Academic Publishers","invisible":false,"external":false,"embargo_date":null,"types":[81966],"research_groups":[3510],"collaboration":"","persons":[11229],"persons_data":"[{\"personId\":11229,\"personName\":\"Gert Wagner\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"Dordrecht","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.5 (Yoast SEO v26.5) - 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