IDEAS home Printed from https://ideas.repec.org/a/aeq/aeqaeq/v60_y2009_is_q5_p35-54.html
   My bibliography  Save this article

Is There a Growing Risk of Old-Age Poverty in East Germany?

Author

Listed:
  • Stefan Krenz
  • Wolfgang Nagl
  • Joachim Ragnitz

Abstract

Is old-age poverty becoming a serious problem in Germany? Long-term unemployment and increasing disruptions in employment biographies induce shrinking retirement arrangements. We analyze the income security through the statutory pension scheme, which is still the most important income source for pensioners. Therefore we develop a micro-simulation-model to compare the situation of new retirees in 2020–2022 to those in 2004–2006. We do this for the most common household-types in East and West Germany in respect to gender and education in order to find specific differences. For both parts of Germany education is the key to a sufficient statutory pension. The currently higher average pensions in East Germany will decrease over time. In general, the probability of old-age poverty increases. Our findings help to clarify the risk of post-retirement poverty for specific household constellations. Comment by Jürgen Schupp.

Suggested Citation

  • 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.
    • Handle: RePEc:aeq:aeqaeq:v60_y2009_is_q5_p35-54
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Keywords

    statutory pension system; old-age poverty risk; pension distribution; micro-simulation model;
    All these keywords.

    JEL classification:

    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination

    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:aeq:aeqaeq:v60_y2009_is_q5_p35-54. 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: Deborah Anne Bowen (email available below). General contact details of provider: http://www.duncker-humblot.de .

    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.