Sebastian Pautz, Ph.D. Student Bayern LB
The steady increase in the world population over hundreds of years in the past is expected to come to a halt within the next few decades when it will then begin to decline.
The reasons for this demographic ageing process are attributable to the low birth rate and the subsequent decrease in the numbers of young and middle aged groups rather than to increasing life expectancy.
The objective of this paper therefore is on the one hand to describe the effects of this demographic development on the German economy and on the other hand to present some options on how the risks can be minimized in respect of personnel measures in financial institutions.
In order to avoid “demographic change” becoming a generation conflict, suitable solutions must be found whereby companies, society itself and political policies all co-ordinate their actions.
KEY WORDS: demographic ageing, German economy, risks, financial institutions.