Well Known Biases

Politics, Economics, and the Law

Early Retirement and Generous Pensions for Greeks in “Hazardous” Jobs

Today I read a blurb on Overlawyered concerning the Greek retirement and pension system. It seems that those working in hazardous jobs are entitled to retire quite early, and with rather generous pensions. However, the definition of hazardous has expanded to include a great many careers not commonly thought to be so, such as radio announcers and hairdressers. Reading the linked articles, I’m not completely sure whether the more absurd examples still qualify, or whether reforms have been made, but either way it explains a lot. This, along with their unusually liberal disability payouts, paint a ridiculous picture of a government that has spent decades hurling baskets of money at anyone who came ’round and asked.

I can only imagine how this plays in the German press.

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