Demographic change in Germany - causes and ways to avoid poverty
in old age e.g. through real estate as the basis of old-age provision
,Table of Contents
1. Poverty in old age as a problem of the present ...................................................................... 1
1.1 Motivation and objectives ................................................................................................ 1
1.2 Composition and contents of the thesis ............................................................................ 1
2. Demographic change - current population development and age structure in Germany ....... 2
3. Old-age provision in the Federal Republic of Germany ........................................................ 4
3.1 Types of pension provision............................................................................................... 4
3.2 Critical evaluation of a pension decision and the need for private pension provision ..... 5
4. The real estate as retirement provision ................................................................................... 6
4.1 Influence of demographic development on the property market ...................................... 6
4.2 The property as an investment for retirement - Example calculation for a property ........ 7
5. Conclusion and evaluation ................................................................................................... 10
6. Appendix .............................................................................................................................. 11
References ................................................................................................................................ 17
I
, I. List of figures
Figure 1 : Population development in Germany ........................................................................ 2
Figure 2 : Age structure of the population in Germany ............................................................. 2
Figure 3 : Linear Regression - Model for population development ........................................... 3
Figure 4 : Factor influence on the population ............................................................................ 3
Figure 5 : Evaluation of a pension notice in numbers ................................................................ 6
Figure 6 : Financing structure of the property ............................................................................ 8
Figure 7 : Development of loans and remaining debt ................................................................ 8
Figure 8 : Increase in value of the property ............................................................................... 9
Figure 9 : How much rent do you pay over the years .............................................................. 10
Figure 10 : Pension notice ........................................................................................................ 11
Figure 11 : Inflation table ......................................................................................................... 12
Figure 12 : Appreciation table .................................................................................................. 12
Figure 13 : Sample pension notice ........................................................................................... 13
Figure 14 : Pension taxation ..................................................................................................... 15
Figure 15 : Real estate investment - example calculation ........................................................ 16
II
in old age e.g. through real estate as the basis of old-age provision
,Table of Contents
1. Poverty in old age as a problem of the present ...................................................................... 1
1.1 Motivation and objectives ................................................................................................ 1
1.2 Composition and contents of the thesis ............................................................................ 1
2. Demographic change - current population development and age structure in Germany ....... 2
3. Old-age provision in the Federal Republic of Germany ........................................................ 4
3.1 Types of pension provision............................................................................................... 4
3.2 Critical evaluation of a pension decision and the need for private pension provision ..... 5
4. The real estate as retirement provision ................................................................................... 6
4.1 Influence of demographic development on the property market ...................................... 6
4.2 The property as an investment for retirement - Example calculation for a property ........ 7
5. Conclusion and evaluation ................................................................................................... 10
6. Appendix .............................................................................................................................. 11
References ................................................................................................................................ 17
I
, I. List of figures
Figure 1 : Population development in Germany ........................................................................ 2
Figure 2 : Age structure of the population in Germany ............................................................. 2
Figure 3 : Linear Regression - Model for population development ........................................... 3
Figure 4 : Factor influence on the population ............................................................................ 3
Figure 5 : Evaluation of a pension notice in numbers ................................................................ 6
Figure 6 : Financing structure of the property ............................................................................ 8
Figure 7 : Development of loans and remaining debt ................................................................ 8
Figure 8 : Increase in value of the property ............................................................................... 9
Figure 9 : How much rent do you pay over the years .............................................................. 10
Figure 10 : Pension notice ........................................................................................................ 11
Figure 11 : Inflation table ......................................................................................................... 12
Figure 12 : Appreciation table .................................................................................................. 12
Figure 13 : Sample pension notice ........................................................................................... 13
Figure 14 : Pension taxation ..................................................................................................... 15
Figure 15 : Real estate investment - example calculation ........................................................ 16
II
