Is There a Growing Risk of Old-Age Poverty in East Germany?
AbstractIs old-age poverty becoming a serious problem in Germany? Long-term unemployment and increasing disruptions in employment biographies induce shrinking retirement arrangements. We analyze the income security through the statutory pension scheme, which is still the most important income source for pensioners. Therefore we develop a micro-simulation-model to compare the situation of new retirees in 2020–2022 to those in 2004–2006. We do this for the most common household-types in East and West Germany in respect to gender and education in order to find specific differences. For both parts of Germany education is the key to a sufficient statutory pension. The currently higher average pensions in East Germany will decrease over time. In general, the probability of old-age poverty increases. Our findings help to clarify the risk of post-retirement poverty for specific household constellations. Comment by Jürgen Schupp.
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Bibliographic InfoArticle provided by Duncker & Humblot, Berlin in its journal Applied Economics Quarterly.
Volume (Year): 60 (2009)
Issue (Month): Supplement ()
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Web page: http://www.duncker-humblot.de
Find related papers by JEL classification:
- I32 - Health, Education, and Welfare - - Welfare and Poverty - - - Measurement and Analysis of Poverty
- J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
- J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
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