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Rentenpolitik nach dem Haushaltsurteil: keine Maximalforderungen

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  • Börsch-Supan Axel

Abstract

German pension policy faces a dilemma. If it is too generous, it harms contributors, disincentivises labour supply, and crowds out education and infrastructure investment needed to pay for social protection. If it is too frugal, it harms those with social and health issues. Thus, smart compromises are required rather than maximum demands. We propose a policy mix with five elements: 1) determine the pension level in a sustainable and generation-appropriate way; 2) link retirement age to life expectancy; 3) limit early retirement to those in poor health; 4) abolish mandatory retirement; 5) encourage a mix of pay-as-you-go and funded occupational pensions.

Suggested Citation

  • Börsch-Supan Axel, 2024. "Rentenpolitik nach dem Haushaltsurteil: keine Maximalforderungen," Wirtschaftsdienst, Sciendo, vol. 104(2), pages 102-105, February.
    • Handle: RePEc:vrs:wirtsc:v:104:y:2024:i:2:p:102-105:n:12
    DOI: 10.2478/wd-2024-0032
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    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • 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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