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Why is Austria’s Pension System So Much Better Than Germany’s?

Author

Listed:
  • Florian Blank

    (WSI der Hans-Böckler-Stiftung)

  • Camille Logeay

    (Hochschule für Technik und Wirtschaft Berlin)

  • Erik Türk

    (Arbeitskammer Wien)

  • Josef Wöss

    (Arbeitskammer Wien)

  • Rudolf Zwiener

    (WSI der Hans-Böckler-Stiftung)

Abstract

The pension systems in both Germany and Austria have undergone substantial reforms, though only one of the countries appears to have had success. Average earners in Austria will receive gross pensions equivalent to 78.1% of their average earnings, whereas in Germany they will receive just 37.5%. The authors argue that Germany has been left with a system that has abandoned the goal of protecting people's standard of living.

Suggested Citation

  • Florian Blank & Camille Logeay & Erik Türk & Josef Wöss & Rudolf Zwiener, 2016. "Why is Austria’s Pension System So Much Better Than Germany’s?," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 51(3), pages 118-125, May.
    • Handle: RePEc:spr:intere:v:51:y:2016:i:3:d:10.1007_s10272-016-0589-8
    DOI: 10.1007/s10272-016-0589-8
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    Cited by:

    1. Chiara Natalie Focacci, 2023. "Old versus young: How much do countries spend on social benefits? Deterministic modeling for government expenditure," Quality & Quantity: International Journal of Methodology, Springer, vol. 57(1), pages 363-377, February.
    2. Martin Stepanek, 2017. "Pension Reforms and Adverse Demographics: The Case of the Czech Republic," Working Papers IES 2017/15, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Aug 2017.

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