Stabilität des Versorgungsniveaus nach dem Paradigmenwechsel

Abstract

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Summary: A paradigm shift in Germany-the "Altersvermögens-und Altersvermögensergänzungsgesetz"-should result in more individualized and capital funded old age provision. Consequently, the overall benefit level in old age now depends to a larger extent and systematically on the interplay between public, occupational and private pension schemes. However, it is unknown how the overall benefit level has changed over time and how it will develop in the future. The article points out gaps in the coordination of these schemes that make the maintenance of an overall pension level impossible. On the basis of the German Socio-economic Panel (GSOEP) the development of income out of old age pension systems since 1991 is presented. Although the data base has some shortcomings, it can be shown that a major goal of pension systems-maintaining the standard of living-will systematically be missed for future generations as well as for the current pensioners because of the insecure pension adjustment during retirement and the missing interplay between the pension schemes. Overall, there is need for further reforms and even the withdrawal of elements of the reform should be taken into account. Terms of use: Documents in→ JEL Classification: H55, I3, J26 → Keywords: Old-age income, standard of living, old-age provision, pension adjustment