The development of self-employment may be interpreted as the result of structural reform policy aimed at labour market flexibility and economic prosperity. Contrastingly, it may also correspond to the outcome of a poor economic situation, with people becoming self-employed out of the need to earn a living. What then will be their situation at retirement age as they depend highly on private provisions? With a focus on solo self-employment, Uwe Fachinger and Anna Frankus use data from the German Microcensus for 1989–2009 to study the ability and willingness of people to save money for old-age provision. Their results emphasize what would be a growing poverty risk, calling for overall attention and policy response.
You are not authenticated to view the full text of this chapter or article.
Get access to the full article by using one of the access options below.