Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/284457 
Authors: 
Year of Publication: 
2024
Citation: 
[Journal:] Wirtschaftsdienst [ISSN:] 1613-978X [Volume:] 104 [Issue:] 2 [Year:] 2024 [Pages:] 92-97
Publisher: 
Sciendo, Warsaw
Abstract (Translated): 
The formal relationships between the contribution rate of workers and the pension level are modelled in the pay-as-you-go system. The average pensioner has paid contributions over 36 years and currently receives EUR 1,246.67 as a monthly pension. The 'standard pensioner' contributed over 45 years and receives a 'standard pension' of EUR 1,692. The real pension level is 42.6% and thus falls short of the 48% target level. In the pay-as-you-go system, the monthly pension would only amount to EUR 1,203.66. Higher contributions reduce average wages relatively less than they increase the pension benefits. A redistribution within the pool of insured people should compensate for the shorter payment periods of below-average pensions.
Subjects: 
Gesetzliche Rentenversicherung
Deutschland
JEL: 
H55
I38
J14
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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