Pension reform in Germany—a market solution?
The proposal for an equity reserve will not solve the challenge of making pensions sustainable.
AUTHOR PROFILE
Nicholas Barr
Nicholas Barr is professor of public economics at the London School of Economics and author of numerous articles and more than 20 books, including The Economics of the Welfare State (sixth edition 2020) and (with Peter Diamond) Pension Reform: A Short Guide (2010).