Sinn, Hans-Werner; Uebelmesser, Silke (2003): Pensions and the path to gerontocracy in Germany. In: European Journal of Political Economy, Vol. 19, No. 1: pp. 153-158 |
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External fulltext: http://www.sciencedirect.com/science/article/B6V97-4741KHR-8/2/822a63c5d09e80f683904aff70abd6db
Abstract
An impending demographic crisis in Germany calls for fundamental reforms of the pension system. In a democracy, however, reforms require the support of the majority of the electorate. To determine whether the majority is in favour of reforms of the pension system, we calculate for each year the \"indifference age\" as the age of the cohort that is not affected by the reform and the \"median age\" as the age of the politically decisive cohort. Until 2016, a reform can be democratically enforced. After 2016, Germany will be a gerontocracy.
Item Type: | Journal article |
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Faculties: | Economics Economics > Chairs > Chair for Public Economics |
Subjects: | 300 Social sciences > 330 Economics |
Language: | English |
ID Code: | 19563 |
Deposited On: | 15. Apr 2014 08:52 |
Last Modified: | 04. Nov 2020 13:01 |
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