-cited economic policy advice that can hardly be justified empirically: Wage increases will result in significant employment losses … German Council of Economic Experts and the Deutsche Bundesbank find that a higher wage path now stimulates domestic demand …

In the coming years, the pension system in Germany will face financial challenges. The insurance within pension system … basic pension that guarantees a minimum amount and is anchored in the pension system would be an important step in reducing … poverty in old age. An effective basic pension is also an important prerequisite for implementing necessary pension reforms in …

In the March 2019 issue, Wirtschaftsdienst published an essay entitled “Proposal on the Basic Pension: Unfair …, Inefficient and Expensive” by Franz Ruland. Tim Köhler-Rama takes a different view, arguing for a basic pension as an element of … social balance in pension law. Ruland then explains his position in a reply. …