Why is Austria’s Pension System So Much Better Than Germany’s?

The pension systems in both Germany and Austria have undergone substantial reforms, though only one of the countries appears to have had success. Average earners in Austria will receive gross pensions equivalent to 78.1% of their average earnings, whereas in Germany they will receive just 37.5%. The authors argue that Germany has been left with a system that has abandoned the goal of protecting people's standard of living.

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Year of publication:	2016
Authors:	Blank, Florian ; Logeay, Camille ; Türk, Erik ; Wöss, Josef ; Zwiener, Rudolf
Published in:	Intereconomics. - Heidelberg : Springer, ISSN 1613-964X. - Vol. 51.2016, 3, p. 118-125
Publisher:	Heidelberg : Springer
Subject:	Altersvorsorge \| Rentenreform \| Vergleich \| Deutschland \| Österreich

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.1007/s10272-016-0589-8 [DOI] 860544419 [GVK] hdl:10419/191156 [Handle] RePEc:spr:intere:v:51:y:2016:i:3:d:10.1007_s10272-016-0589-8 [RePEc]
Source:	EconStor

Persistent link: https://www.econbiz.de/10011956047