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Rational pension policies

Aim of this keynote is to develop a framework how to approch the design of pension policies as rationally as possible. The first step is to realize and accommodate endogenous adjustments. The second syep is to align the root causes of demographic change with corresponding reform steps which include but are not confined by pension reform. The third step is to separate the issues as best as possible to strengthen the political feasibility of refrom.

04. desember 2015

The paper shows that realtivly few and moderate reform steps suffice to solve the demographic problem in countries such as Germany and Switzerland. This is in striking contrast to the widespread resistance to reform. We falsify some of the myts, prejudices and misperceptions which make reforms politically som hard to put into place.