Riphahn, Regina T.; Schrader, Rebecca - 2020
We study causal effects of two early retirement reforms. Reform 1 (NRA) increased normal retirement age stepwise from … 60 to 63. Simultaneously, it became possible to use early retirement with benefit discounts. Reform 2 (ERA) increased the … age of early retirement stepwise from 60 to 63. We investigate behavioral responses to the reforms using administrative …