Social Security, Demographics, and Risk

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Titles in the Series

Jacques J. Siegers · Jenny de Jong-Gierveld · Evert van Imhoff (Eds.) Female Labour Market Behaviour and Fertility Henrik P. Van Dalen Economic Policy in a Demographically Divided World Dieter Bös · Sijbren Cnossen (Eds.) Fiscal Implications of an Aging Population Klaus F. Zimmermann (Ed.) Migration and Economic Development Nico Heerink Population Growth, Income Distribution, and Economic Development (out of print) Tommy Bengtsson (Ed.) Population, Economy, and Welfare in Sweden J. Haisken-De New Migration and the Inter-Industry Wage Structure in Germany Dennis A. Ahlburg · Allen C. Kelly · K. Oppenheim Mason (Eds.) The Impact of Population Growth on Well-being in Developing Countries Holger Bonin Generational Accounting Klaus F. Zimmermann · Michael Vogler (Eds.) Family, Household and Work Klaus F. Zimmermann · Amelie Constant (Eds.) How Labor Migrants Fare

Christoph Borgmann

Social Security, Demographics, and Risk With 20 Figures and 18 Tables

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Dr. Christoph Borgmann Blumenrain 29 CH-8702 Zollikon Switzerland E-mail: [email protected]

Printed with the support of the VG Wort, Förderungs- und Beihilfefonds Wissenschaft

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ISBN 3-540-22268-5

Springer Berlin Heidelberg New York

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In memory of J¨urgen W. Borgmann

Preface

This study has been written during my time at the Institute of Public Finance at the Albert–Ludwigs–University of Freiburg, Germany. I am indebted to a number of people who have made this work possible. First and foremost, I thank my teacher Prof. Dr. Bernd Raffelh¨uschen w