IDEAS home Printed from https://ideas.repec.org/a/spr/wirtsc/v95y2015i1p22-27.html
   My bibliography  Save this article

Das Rentenpaket 2014 — eine ökonomische Beurteilung

Author

Listed:
  • Reinhold Schnabel

Abstract

The 2014 pension reform has three main components. First disability pensions have been increased by about two earnings points, an average monthly gain of 40 euros. In addition low wages in the four years preceding disability-related retirement will now be disregarded. However, since these new rules only apply to retirement after July 2014 they fail to fight poverty among current disability-related retirees. Second an additional credit for all births before 1992 (“mothers’ pension”) is extremely costly and unnecessary. Poverty prevention is weak due to a strict income test in the welfare system for the elderly. Third early retirement at age 63 without actuarial adjustment has been reintroduced This is a costly measure with negative effects on both equality and efficiency. The additional child credit and early retirement provisions reduce the financial and social sustainability of the German public pension system. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2015

Suggested Citation

  • Reinhold Schnabel, 2015. "Das Rentenpaket 2014 — eine ökonomische Beurteilung," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 95(1), pages 22-27, February.
    • Handle: RePEc:spr:wirtsc:v:95:y:2015:i:1:p:22-27
    DOI: 10.1007/s10273-015-1797-8
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s10273-015-1797-8
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s10273-015-1797-8?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Dolls, Mathias & Krolage, Carla, 2023. "‘Earned, not given’? The effect of lowering the full retirement age on retirement decisions," Journal of Public Economics, Elsevier, vol. 223(C).

    More about this item

    Keywords

    H55;

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:wirtsc:v:95:y:2015:i:1:p:22-27. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.