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Untere Einkommensgruppen noch gezielter entlasten
[Provide Even More Targeted Relief for Lower Income Groups]

Author

Listed:
  • Alexander S. Kritikos

    (DIW Berlin)

  • Johanna Schulze Düding

    (DIW ECON GmbH)

  • Octavio Morales

    (DIW ECON GmbH)

  • Maximilian Priem

    (DIW ECON GmbH)

Abstract

Prices for energy and food are currently rising extraordinarily sharply. Households with low net incomes in particular are being burdened by the price increases, in some cases dramatically. According to current inflation forecasts, price increases for the lowest-income ten percent would mean a burden of 5.3 percent of their net household income in 2022. Since the low-income deciles cannot compensate for the additional expenditure by reducing their savings rate or possible reserves, nor can they restrict their consumption behavior to a corresponding extent since they primarily consume goods and services for basic needs, it is essential to provide relief for these households. The measures already adopted by the German government are easing the burden on citizens, but they are not enough to compensate for the additional burden on lower-income households. Further aid packages should provide targeted and efficient relief for households at the lower half of the income distribution.

Suggested Citation

  • Alexander S. Kritikos & Johanna Schulze Düding & Octavio Morales & Maximilian Priem, 2022. "Untere Einkommensgruppen noch gezielter entlasten [Provide Even More Targeted Relief for Lower Income Groups]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 102(8), pages 590-594, August.
    • Handle: RePEc:spr:wirtsc:v:102:y:2022:i:8:d:10.1007_s10273-022-3253-x
    DOI: 10.1007/s10273-022-3253-x
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    References listed on IDEAS

    as
    1. Christoph, Bernhard, 2016. "Materielle Lebensbedingungen im Grundsicherungsbezug," WSI-Mitteilungen, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 69(5), pages 344-352.
    2. Franziska Holz & Robin Sogalla & Christian von Hirschhausen & Claudia Kemfert, 2022. "Energieversorgung in Deutschland auch ohne Erdgas aus Russland gesichert," DIW aktuell 83, DIW Berlin, German Institute for Economic Research.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    D31; D10; D61;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D10 - Microeconomics - - Household Behavior - - - General
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis

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