“Riskante Renten (Risky Entitlements),” FuW, 2013

Finanz und Wirtschaft, January 5, 2013. PDF. Ökonomenstimme, January 8, 2013. HTML.

  • Future pension benefits will reflect future national income, and how generations share it.
  • Future income depends on current savings and thus, the structure of the pension system.
  • How the income is shared depends on political factors, not promises.