Pensioners’ Poverty Requires Fundamental Reform
Abstract The German government seeks to improve the situation of longterm pension contributors with the basic pension (“Grundrente”). However, the basic pension only combats the symptoms rather than addressing the causes of low pensions and old age poverty: the policy of low wages and wrong macro ec...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | deu |
| Published: |
Sciendo
2020-08-01
|
| Series: | Wirtschaftsdienst |
| Online Access: | https://doi.org/10.1007/s10273-020-2717-0 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Summary: | Abstract The German government seeks to improve the situation of longterm pension contributors with the basic pension (“Grundrente”). However, the basic pension only combats the symptoms rather than addressing the causes of low pensions and old age poverty: the policy of low wages and wrong macro economic policy. The political responsibility of these pension problems require taxfinanced compensations to guarantee a subsistence level. |
|---|---|
| ISSN: | 0043-6275 1613-978X |