Generational (Un)Fairness: the Causes, Consequences and Policy Implications of the Demographical Deficit
Public University Lecture by Prof. Hans-Werner Sinn, President of the Ifo Institute.
Monday, 15. December 2014, 6.00 p.m.,
Great Hall of the Ludwig Maximilians University, Geschwister-Scholl-Platz 1, 80539 Munich.
The lecture will be given in German.
Germany is ageing faster than almost all other countries in the world and has fewer new-borns in relation to its population than almost any other developed country on the planet. The long-term implications of these facts are dramatic. The babyboomers, now in their late forties, will retire in fifteen to twenty years from now, only to find that they didn’t have enough children to fund their pensions. These babyboomers will also approach their banks and life insurance companies to obtain the money that they invested. These institutions will, in turn, demand that their debtors pay up; but will the latter be solvent? In his public lecture Prof. Hans-Werner Sinn will discuss where this situation may lead us and what can be done about it. Dr. Jürgen F. Kammer, Vice-President of the Wirtschaftsbeirat der Union and former Board Chairman and Supervisory Board Chairman of Südchemie AG, will give an introduction to the topic. The lecture is a CESifo Group event and is supported this year by the Wirtschaftsbeirat der Union.
Sinn, Hans-Werner, "Land ohne Kinder – die Fakten, die Folgen, die Ursachen und die Politikimplikationen", Lecture, Nordrheinwestfälische Akademie der Wissenschaften, Düsseldorf, June 2014 | PDF Download
Sinn, Hans-Werner, "ifo Standpunkt Nr. 159: Deutsche Gerontokratie", 10.06.2014 | Details