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The paper examines the impact of the 2001 German pension reform law, which aims to enhance private retirement savings through government incentives like extra payments and tax deductions. It focuses on risk transfers and the security of investment-based retirement income, providing insights into the implications of the reform for individuals and the broader economic landscape. The analysis highlights the significance of these changes in promoting a more sustainable retirement system in Germany.
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Life-Cycle Investing, Benjamin Wolf
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- 2015
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