A Fragile Pillar: Statutory Pensions and the Risk of Old-age Poverty in Germany
The statutory pension system is still the most important income source among senior citizens in Germany. Due to increasing disruptions in employment biographies since the 1970s and due to the mass unemployment in Eastern Germany since the 1990s, there is a growing fear of post-retirement poverty in Germany. We develop a micro-simulation model to compare the distribution of statutory pension incomes for new retirees in 2020 with those in 2004. The pension income distribution is calculated for Eastern and Western Germany separately, for men and women, and for different skill levels. Throughout Germany, we find a growing post-retirement poverty, especially for lowskilled workers. Eastern Germany will lose its current advantage in terms of high pensions and low inequality.
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- Michael Berlemann & Marcel Thum, 2005. "Blooming landscapes in East Germany?," CESifo Forum, Ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 6(4), pages 16-22, December.
- Börsch-Supan, Axel & Bucher-Koenen, Tabea & Reil-Held, Anette & Wilke, Christina Benita, 2008. "Zum künftigen Stellenwert der ersten Säule im Gesamtsystem der Alterssicherung," Papers 08-45, Sonderforschungsbreich 504.
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