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Armut im Alter – Ursachenanalyse und eine Projektion fuer das Jahr 2023

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Author Info

  • Ingmar Kumpmann

    ()
    (IWH Halle)

  • Michael Guehne

    ()
    (TU Dresden)

  • Herbert S. Buscher

    ()
    (IWH Halle)

Registered author(s):

    Abstract

    Several factors bring about a rise in old age poverty in Germany, especially in East Germany. Using data from the German Socio-economic Panel (SOEP) we examine causes and extent of old age poverty in Germany. We begin our inquiry with a cross section regression in order to determine the impact of several factors on retirement incomes in Germany. In the second step we performan income projection of today’s 50 to 55 year-old people for the year 2023. In doing so, we take into account different sources of income, including several forms of capital income and the calculated rent of owner-occupied houses and flats.We find a significant rise in old age poverty especially in East Germany as a consequence of rising unemployment after the German unification.

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    Bibliographic Info

    Article provided by Justus-Liebig University Giessen, Department of Statistics and Economics in its journal Journal of Economics and Statistics.

    Volume (Year): 232 (2012)
    Issue (Month): 1 (January)
    Pages: 61-83

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    Handle: RePEc:jns:jbstat:v:232:y:2012:i:1:p:61-83

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    Related research

    Keywords: Old age poverty; pension; old age income.;

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    References

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    1. Frick, Joachim R. & Grabka, Markus M., 2001. "Der Einfluß von Imputed Rent auf die personelle Einkommensverteilung," EconStor Open Access Articles, ZBW - German National Library of Economics, pages 285-308.
    2. Stefan Krenz & Wolfgang Nagl, 2009. "Die Entwicklung der Ansprüche an die gesetzliche Rentenversicherung bis zum Jahr 2020," ifo Dresden berichtet, Ifo Institute for Economic Research at the University of Munich, vol. 16(02), pages 13-23, 04.
    3. Stefan Krenz & Wolfgang Nagl & Joachim Ragnitz, 2009. "Is There a Growing Risk of Old-Age Poverty in East Germany?," Applied Economics Quarterly (formerly: Konjunkturpolitik), Duncker & Humblot, Berlin, vol. 60(Supplemen), pages 35-54.
    4. Johannes Geyer & Viktor Steiner, 2009. "Zahl der Riester-Renten steigt sprunghaft: aber Geringverdiener halten sich noch zurück," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 76(32), pages 534-541.
    5. Coppola, Michela & Reil-Held, Anette, 2009. "Dynamik der Riester-Rente: Ergebnisse aus SAVE 2003 bis 2008," MEA discussion paper series 09195, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
    6. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-38, May.
    7. Gernandt, Johannes & Pfeiffer, Friedhelm, 2006. "Rising Wage Inequality in Germany," ZEW Discussion Papers 06-19 [rev.], ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    8. Joachim R. Frick & Markus M. Grabka, 2009. "Gestiegene Vermögensungleichheit in Deutschland," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 76(4), pages 54-67.
    9. Cornelia Lang, 2009. "Erwerbsformen im Wandel," Wirtschaft im Wandel, Halle Institute for Economic Research, vol. 15(4), pages 165-171.
    10. Johannes Geyer & Viktor Steiner, 2010. "Künftige Altersrenten in Deutschland: relative Stabilität im Westen, starker Rückgang im Osten," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 77(11), pages 2-11.
    11. Giacomo Corneo & Matthias Keese & Carsten Schröder, 2009. "The Riester Scheme and Private Savings: An Empirical Analysis based on the German SOEP," Schmollers Jahrbuch : Journal of Applied Social Science Studies / Zeitschrift für Wirtschafts- und Sozialwissenschaften, Duncker & Humblot, Berlin, vol. 129(2), pages 321-332.
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