pension contributions and expected standard of living in retirement, using microdata from the German Panel on Household … have lower (higher) expected standards of living in retirement, due to the uncertainty regarding intrahousehold resource … sharing. The empirical results suggest that household bargaining is significantly correlated with individual retirement …

How to invest and decumulate wealth during retirement has far-reaching consequences for consumption during retirement … investigate the choice between phased withdrawal plans with varying riskiness resulting in volatile retirement income. We find … that 40% of the participants choose some risk and thus, accept fluctuations in retirement income. Second, we analyze the …

Financial literacy affects wealth accumulation, and pension planning plays a key role in this relationship. In a large … field experiment, we employ a digital pension aggregation tool to confront a treatment group with a simplified overview of … their current pension claims across all pillars of the pension system. We combine survey and administrative bank data to …

effects of early retirement disincentives on retirement behavior, individual welfare, pensions and public budget. We employ …In aging societies, information on how to reform pension systems is essential to policy makers. This study scrutinizes … administrative pension data and a detailed model of the German tax and social security system to estimate a structural dynamic …

close to retirement. The age pattern is partly explained by the positive effect of pension wealth on disability pensions …This study provides novel evidence about the pension wealth elasticity of employment. For the identification we exploit … reform-induced variation of pension wealth that is related to the number of children but which does not affect the implicit …

close to retirement. The age pattern is partly explained by the positive effect of pension wealth on disability pensions …This study provides novel evidence about the pension wealth elasticity of employment. For the identification we exploit … reform-induced variation of pension wealth that is related to the number of children but which does not affect the implicit …

expectancy has sizable and relevant distributional consequences for the pension system: when accounting for heterogeneous life … expectancy, we find that the German pension system is regressive despite a strong contributory link. We show that the internal … rate of return of the pension system increases with lifetime earnings. Finally, we document an increase of the regressive …

relationships, meaning that households, for example, react to changes in the statutory pension system, such as the retirement age or …. One approach to parametrically reform the pension system would be linking (indexing) the retirement age systematically to … contributions and taxes. Moreover, with a rising retirement age and the associated longer periods of work, pension entitlements …