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A History of the German Public Pension System - Continuity amid Change (Hardcover)
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A History of the German Public Pension System - Continuity amid Change (Hardcover)
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A History of the German Public Pension System: Continuity amid
Change provides the first comprehensive institutional history of
the German public pension system from its origins in the late
nineteenth century to the major reform period in the early
twenty-first century. Relying on a wide range sources, including
many used for the first time, this study provides a balanced
account of how the pension system has coped with major challenges,
such as Germany's defeat in two world wars, inflation, the Great
Depression, the demographic transition, political risk,
reunification, and changing gender roles. It shows that while the
pension system has changed to meet all of these challenges, it has
retained basic characteristics-particularly the tie between work,
contributions, and benefits-that fundamentally define its character
and have enabled it to survive economic and political turmoil for
over a century. This book also demonstrates that the most serious
challenge faced by the pension system has consistently been
political intervention by leaders hoping to use it for purposes
unrelated to its mission of providing the insured with secure and
adequate retirement income.
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