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Coronavirus Pandemic: Effects on Statutory Pension Insurance

Author

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  • Axel Börsch-Supan
  • Johannes Rausch

Abstract

The coronavirus pandemic will place a greater burden on contributors, while the level of security for pensioners will rise. In addition, higher federal funding for statutory pension insurance is expected from 2021 onwards. These are the results of recent calculations by Axel Börsch-Supan and Johannes Rausch of the Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.

Suggested Citation

  • Axel Börsch-Supan & Johannes Rausch, 2020. "Coronavirus Pandemic: Effects on Statutory Pension Insurance," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 73(04), pages 36-43, April.
    • Handle: RePEc:ces:ifosdt:v:73:y:2020:i:04:p:36-43
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    References listed on IDEAS

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    1. repec:mea:meawpa:12254 is not listed on IDEAS
    2. Claus Michelsen & Marius Clemens & Max Hanisch & Simon Junker & Konstantin A. Kholodilin & Thore Schlaak, 2020. "Deutsche Wirtschaft: Corona-Virus stürzt deutsche Wirtschaft in eine Rezession: Grundlinien der Wirtschaftsentwicklung im Frühjahr 2020," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 87(12), pages 206-229.
    3. Börsch-Supan, Axel & Reil-Held, Anette & Christina Benita Wilke, 2003. "Der Nachhaltigkeitsfaktor und andere Formelmodifikationen zur langfristigen Stabilisierung des Beitragssatzes zur GRV," MEA discussion paper series 03030, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
    4. Holthausen, Annette & Rausch, Johannes & Wilke, Christina Benita, 2012. "MEA-PENSIM 2.0: Weiterentwicklung eines Rentensimulationsmodells, Konzeption und ausgewählte Anwendungen," MEA discussion paper series 201203, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
    5. Florian Dorn & Clemens Fuest & Marcell Göttert & Carla Krolage & Stefan Lautenbacher & Sebastian Link & Andreas Peichl & Magnus Reif & Stefan Sauer & Marc Stöckli & Klaus Wohlrabe & Timo Wollmershäuse, 2020. "The Economic Costs of the Coronavirus Shutdown for Germany: A Scenario Calculation," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 73(04), pages 29-35, April.
    6. Axel Börsch-Supan & Johannes Rausch, 2018. "Die Kosten der doppelten Haltelinie," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 71(09), pages 23-30, May.
    7. Christina Benita Wilke, 2004. "Ein Simulationsmodell des Rentenversicherungssystems: Konzeption und ausgewählte Anwendungen von MEA-PENSIM," MEA discussion paper series 04048, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
    8. Florian Dorn & Clemens Fuest & Marcell Göttert & Carla Krolage & Stefan Lautenbacher & Robert Lehmann & Sebastian Link & Sascha Möhrle & Andreas Peichl & Magnus Reif & Stefan Sauer & Marc Stöckli & Kl, 2020. "Die volkswirtschaftlichen Kosten des Corona-Shutdown für Bayern: Eine Szenarienrechnung," ifo Schnelldienst Digital, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 1(02), March.
    9. Börsch-Supan, Axel & Rausch, Johannes, 2018. "Die Kosten der doppelten Haltelinie," MEA discussion paper series 201803, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
    10. Gasche, Martin & Kluth, Sebastian, 2011. "Auf der Suche nach der besten Rentenanpassungsformel," MEA discussion paper series 11241, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
    11. Axel Börsch-Supan & Johannes Rausch & Hermann Buslei & Johannes Geyer, 2020. "Entwicklung der Demographie, der Erwerbstätigkeit sowie des Leistungsniveaus und der Finanzierung der gesetzlichen Rentenversicherung," Discussion Papers of DIW Berlin 1857, DIW Berlin, German Institute for Economic Research.
    12. Krupp, Hans-Jürgen, 2003. "Zur Interpretation des Nachhaltigkeitsfaktors," Wirtschaftsdienst – Zeitschrift für Wirtschaftspolitik (1949 - 2007), ZBW - Leibniz Information Centre for Economics, vol. 83(11), pages 705-710.
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    Citations

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    Cited by:

    1. Uwe Schätzlein, 2022. "Neuer Nachholfaktor der Rentenversicherung im Geflecht von Schutz- und Niveauschutzklausel [New Pension Insurance Catch-Up Factor in the Mixture of Protection and Level Protection Clauses]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 102(5), pages 397-401, May.
    2. Werding, Martin & Läpple, Benjamin, 2022. "Finanzrisiken für den Bund durch die demographische Entwicklung in der Sozialversicherung: Reformszenarien," FiFo Reports - FiFo-Berichte 31, University of Cologne, FiFo Institute for Public Economics.
    3. Werding, Martin & Läpple, Benjamin, 2020. "Finanzrisiken für den Bund durch die demographische Entwicklung in der Sozialversicherung [Financial risks for the Federal budget through the impact of demographic ageing on social insurance system," FiFo Reports - FiFo-Berichte 29, University of Cologne, FiFo Institute for Public Economics.
    4. Dennis C. Tale, 2023. "The Impact of the COVID-19 Pandemic on the German Pension System," ACTA VSFS, University of Finance and Administration, vol. 17(1), pages 60-72.

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    More about this item

    Keywords

    Pandemie; Gesetzliche Rentenversicherung; Rentenfinanzierung;
    All these keywords.

    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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