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Sustainable Financing for Social Security Systems

Author

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  • Joachim Ragnitz
  • Felix Rösel
  • Marcel Thum

Abstract

Germany’s next government should not adopt any further pension packages that would further drive up the already rapidly growth in expenditure on old-age provision in the long term, and it should not extend the suspension of the catch-up factor and the double stop line beyond 2025. To put the financing of the pension system on a sustainable footing for the long term, the standard retirement age in Germany must be raised. The increase in the standard retirement age should be rule-based – linked to life expectancy or to years of life with good health.

Suggested Citation

  • Joachim Ragnitz & Felix Rösel & Marcel Thum, 2021. "Sustainable Financing for Social Security Systems," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 74(07), pages 24-27, July.
    • Handle: RePEc:ces:ifosdt:v:74:y:2021:i:07:p:24-27
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    File URL: https://www.ifo.de/DocDL/sd-2021-07-ragnitz-roesel-thum-wirtschaftspolitische-agenda-soziale-sicherungssysteme.pdf
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    Cited by:

    1. No authors listed, 2021. "Sozial gerechte Wege aus der Klimakrise," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 47(2), pages 155-169.
    2. Dirk Grathwohl(Hrsg.), "undated". "Nachwuchswissenschaftliche Impulse zur empirischen Rechnungslegungsforschung: Band 2 [Young Scientists’ Impetus for Empirical Accounting Research: Volume 2]," Duesseldorf Working Papers in Applied Management and Economics 56, Duesseldorf University of Applied Sciences.

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