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In response to the challenges of increasing longevity, an obvious policy response is to gradually increase the statutory eligibility age for public pension benefits and to shut down pathways to early retirement such as special rules for women. This is, however, very unpopular. As an alternative,...
Persistent link: https://www.econbiz.de/10012918708
The aim of this paper is to illustrate for Germany the factors that may explain the U-shaped pattern of older men …
Persistent link: https://www.econbiz.de/10012942716
After two decades of reforms that have tightened eligibility for early retirement and the generosity of social security payments, the German government has begun to turn back time and re-introduce more generous disability and early retirement benefits. Often, poor health is cited as the main...
Persistent link: https://www.econbiz.de/10012999444
The aim of this paper is to describe for (West) Germany the historical relationship between health and disability on … harsh living conditions among the civilian population in Germany. Our data show higher early retirement rates among those …
Persistent link: https://www.econbiz.de/10013124658
Riester pensions are voluntary, but heavily subsidized private pension schemes in Germany. They were designed as a …
Persistent link: https://www.econbiz.de/10013107222
focuses on three large Continental European countries: France, Germany, and Italy. These countries have large pay …
Persistent link: https://www.econbiz.de/10013147613
decisions in Germany, in particular disability benefit uptake. We show that financial incentives to retire do affect sick …
Persistent link: https://www.econbiz.de/10013059094
behavior of older persons in Germany during the last 35 years and surveys the empirical literature on the effects of the social … security system on retirement in Germany. The paper shows that even after the 1992 reform the German system is actuarially …. Indeed, average retirement age is very low in West Germany (about age 59) and even lower in East Germany. This tendency …
Persistent link: https://www.econbiz.de/10013323464
subsidies on retirement, savings and housing choices in the two countries. Germany faces a particularly pronounced aging process … percent at its peak in 2030. In this respect, changes that are occurring in Germany now may be regarded as indicative for … changes to come in the United States. Retirement, savings and housing behavior differ quite markedly between Germany and the …
Persistent link: https://www.econbiz.de/10013227208
Population aging and pension reform will have profound effects on international capital markets. First, demographic change alters the time path of aggregate savings within each country. Second this process may be amplified when a pension reform shifts old-age provision towards more pre-funding....
Persistent link: https://www.econbiz.de/10013227231