Consumer policy analysis and practice is largely embedded in the economic paradigm of neoclassical economics and its more recent forms (institutional economics, economics of information). However, there is increasing evidence that consumers not only fail to make optimal choices because of...

Since 2000, the individual monthly payments from the Germany Statutory Pension Insurance Scheme (GRV) to new male pensioners have been declining. Those entering retirement today receive an average of 7 percent less than those who retired ten years ago. At the same time, the number of recipients...