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Pension Reform in Six Countries - What Can We Learn From Each Other? (Paperback, Softcover reprint of the original 1st ed. 2001)
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Pension Reform in Six Countries - What Can We Learn From Each Other? (Paperback, Softcover reprint of the original 1st ed. 2001)
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AxeI Borsch-Supan and Meinhard Miegel The provision of retirement
income is a dynamic system that needs to be adapted constantly to
the ever changing economic and societal environment. Sometimes,
incremental adaptations suffice; sometimes, however, larger reform
steps are necessary. We see this evolutionary process both through
history and across countries. Over and again societies are
confronted with new challenges, not the least with respect to old
age social security. At this juncture of history, almost all
industrialized countries face rapid population aging and need. to
adapt their pension systems to this historically unprecedented
demographic change. The six countries in this study (Chile,
Germany, Great Britain, the Netherlands, Switzerland, and the
United States) have responded very differently to this new
challenge. This is the point of departure for this book. Why did
the countries respond so differently? What can we learn from each
other? It is not the point of this book to provide a universally
optimal solution to the pension problems caused by population
aging. The six countries are simply too different in terms of their
demographic and cultural, and in particular in terms of their
historical and economic backgrounds. However, since national
discussions tend to be surprisingly narrowly focussed even in times
of globalization, there is much to learn by looking over the
neighbor' s fence. And since some countries have reformed earlier
than others, we even have the benefit of quite a few trials and
errors in one country from which all other countries can learn.
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