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Pension supplement: the Debate Over the Risk of Old-Age Poverty

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  • Stefan Arent

Abstract

Several points have been neglected in the current debate over the pros and cons of a pension supplement to reduce the risk of future old-age poverty. The calculations are based on assumptions that are inconsistent in some cases, and do not take into consideration the social security system that is already available, namely old-age basic income support. Private and corporate pension schemes are also neglected to a large extent. This article discusses these points and clarifies where pension supplements may be of help and where they will not.

Suggested Citation

  • Stefan Arent, 2012. "Pension supplement: the Debate Over the Risk of Old-Age Poverty," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 65(19), pages 21-25, October.
    • Handle: RePEc:ces:ifosdt:v:65:y:2012:i:19:p:21-25
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    References listed on IDEAS

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    1. 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.
    2. Jan Goebel & Markus M. Grabka, 2011. "Zur Entwicklung der Altersarmut in Deutschland," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 78(25), pages 3-16.
    3. Stefan Arent & Wolfgang Nagl, 2010. "A Fragile Pillar: Statutory Pensions and the Risk of Old-Age Poverty in Germany," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 66(4), pages 419-441, December.
    4. Martin Gasche, 2012. "Bonusrente statt Zuschussrente," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 92(9), pages 605-612, September.
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    More about this item

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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