Social Security, Demographics, and Risk

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This study has been written during my time at the Institute of Public Finance at the Albert Ludwigs University of Freiburg, Germany. I am indebted to a number of people who have made this work possible. First and foremost, I thank my teacher Prof. Dr. Bernd Raffelhuschen with whom I had the pleasure of working for many exciting years. The German term Doktorvater alludes to the fatherly role of a thesis supervisor, and he has truely lived up to this role. Also, I am grateful to Prof. Dr. Dr. h. c. Hans-Hermann Francke for his co-correction and the valuable comments he has given me. In addition,...