Riphahn, Regina T.; Schrader, Rebecca - 2021
We investigate the unemployment pathway to retirement in Germany and study the causal effects of two early retirement … early retirement with benefit discounts. Reform 2 (ERA) increased the age of early retirement stepwise from 60 to 63. We ….5 and 2 months per person after each of the two reforms. Individuals with low pension wealth and those who were affected …