Photo credit: Staatliche Schlösser und Gärten Baden-Württemberg

How Is Our Pension Doing?

Researchers are investigating how people understand and perceive pension in Germany and how this is affecting their attitude and their actions regarding private pension arrangements.

“The pension is safe.” This quote of former German labor minister Norbert Blüm has been outdated for quite some time now. Demographic change is only one of several factors that bring the economic viability of the statutory pension insurance scheme to its knees. Are people aware of these challenges and what are the consequences? What kind of actions do they take?  A new research project headed by Prof. Dr. Carmela Aprea, Chair of Economic and Business Education – Instructional Systems Design and Evaluation at the University of Mannheim investigates these questions. She is cooperating with Prof. Dr. Silke Übelmesser of Friedrich Schiller University Jena and Prof. Dr. David Leiser of Ben-Gurion University of the Negev in Israel. The project is financed by the Federal Ministry of Labour and Social Affairs. Answers to the research questions are to serve as a basis for developing recommendations for educational and social policies.