Arbeitspapier
A Fragile Pillar: Statutory Pensions and the Risk of Old-age Poverty in Germany
The statutory pension system is still the most important income source among seniorcitizens in Germany. Due to increasing disruptions in employment biographies since the1970s and due to the mass unemployment in Eastern Germany since the 1990s, there isa growing fear of post-retirement poverty in Germany. We develop a micro-simulationmodel to compare the distribution of statutory pension incomes for new retirees in 2020with those in 2004. The pension income distribution is calculated for Eastern andWestern Germany separately, for men and women, and for different skill levels.Throughout Germany, we find a growing post-retirement poverty, especially for lowskilledworkers. Eastern Germany will lose its current advantage in terms of highpensions and low inequality.
- Language
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Englisch
- Bibliographic citation
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Series: ifo Working Paper ; No. 76
- Classification
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Wirtschaft
Measurement and Analysis of Poverty
Demographic Trends, Macroeconomic Effects, and Forecasts
Economics of the Elderly; Economics of the Handicapped; Non-labor Market Discrimination
- Subject
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Statutory pension system
old-age poverty risk
pension distribution
education
- Event
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Geistige Schöpfung
- (who)
-
Krenz, Stefan
Nagl, Wolfgang
- Event
-
Veröffentlichung
- (who)
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ifo Institute - Leibniz Institute for Economic Research at the University of Munich
- (where)
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Munich
- (when)
-
2009
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Krenz, Stefan
- Nagl, Wolfgang
- ifo Institute - Leibniz Institute for Economic Research at the University of Munich
Time of origin
- 2009
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What makes old-age poverty in East Asian societies so high?
A New Pension Formula: For More Fairness and Less Old-Age Poverty
Assessing old-age poverty with income and assets: Generational insights and policy directions
Pension generosity and mental wellbeing: The effect of eradicating poverty at old-age
Old-age Poverty in OECD Countries and the Issue of Gender Pension Gaps
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