Germany’s Coming Silver Age
Record levels of migration to Germany over the last two years have called into question population projections. But because German society will still continue to age in the coming decades, policymakers must resist the temptation to postpone or water down politically painful retirement and pension-policy decisions.
MUNICH – Record levels of migration to Germany over the last two years have called into question the country’s demographic projections. But Germany’s rapid shift to a more favorable profile is not a reason to postpone politically painful policy decisions about retirement and pensions.