CHAIR OF

PUBLIC ECONOMICS

The ageing of the German population will necessarily reduce the pension levels provided by the German pay-as-you-go public pension insurance. The pension reforms of the last decade aimed at encouraging savings in private, fully-funded pension insurances (through tax advantages and subsidies). However, only a minority of Germans has decided to make use of these opportunities. Andreas Knabe and Joachim Weimann propose to strengthen this type of old-age provision by using insights from behavioural economics.

The paper can be found here.