Abstract or Introduction
This essay discusses the weaknesses of current public pension systems and derives suggestions for improvements. Starting with an analysis of the existing pay-as-you-go systems by describing the functionality and economic conditions required to make such a system work, it states that the former systems are not appropriate anymore due to major changes in the ecomomic environment (eg. demographic change). Taking the ongoing, significant changes in the most important variables that affect a pension system as given, it shows how future pnesion systems should be shaped.
- Quote paper
- Dipl. Kfm. Kristian Kanthak (Author), 2002, In what sense is there a pensions 'time bomb'?, Munich, GRIN Verlag, https://www.grin.com/document/10099