The effect of pension reforms on old age poverty

This project analyses various reform and labour market scenarios with regard to their impact on old-age poverty in the period up to 2045. These are changes to the lower limit for the level of protection in the GRV (holding lines), the pension adjustment rule, a higher retirement age, a generous exemption scheme for pension income from the GRV for basic security, and increased gainful employment at retirement age. For the analyses, we use the Tax Transfer Simulation Model (STSM) to represent the net incomes of households and individuals under variation of the legal framework. Data come from the Socio-Economic Panel (SOEP) of DIW Berlin.