In the coming years, the pension system in Germany will face financial challenges. The insurance within pension system mustalso be strengthened, especially given that the risk of old-age poverty has increased over the years. An effective basic pension thatguarantees a minimum amount and is anchored in the pension system would be an important step in reducing poverty in old age. An effectivebasic pension is also an important prerequisite for implementing necessary pension reforms in Germany, such as increasing theretirement age or stronger (funded) private provision.
Themen: Verteilung, Ungleichheit, Rente und Vorsorge
JEL-Classification: H55;J11;J26
DOI:
https://doi.org/10.2478/wd-2024-0029