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Intereconomics

, Volume 51, Issue 3, pp 118–125 | Cite as

Why is Austria’s Pension System So Much Better Than Germany’s?

  • Florian Blank
  • Camille Logeay
  • Erik Türk
  • Josef Wöss
  • Rudolf Zwiener
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Abstract

The pension systems in both Germany and Austria have undergone substantial reforms, though only one of the countries appears to have had success. Average earners in Austria will receive gross pensions equivalent to 78.1% of their average earnings, whereas in Germany they will receive just 37.5%. The authors argue that Germany has been left with a system that has abandoned the goal of protecting people's standard of living.

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Copyright information

© ZBW and Springer-Verlag Berlin Heidelberg 2016

Authors and Affiliations

  • Florian Blank
    • 1
  • Camille Logeay
    • 2
  • Erik Türk
    • 3
  • Josef Wöss
    • 3
  • Rudolf Zwiener
    • 1
  1. 1.Referat SozialpolitikWSI der Hans-Böckler-StiftungDusseldorfGermany
  2. 2.Campus Treskowallee, Gebäude CHochschule für Technik und Wirtschaft BerlinBerlinGermany
  3. 3.Abteilung SozialpolitkArbeitskammer WienWienAustria

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