retirement age by 0.5 to 3 years. We conclude that if policy contains the generosity of public pensions, increasing the legal …Within a politico-economic model we first establish three hypotheses: (i) Retirees generally prefer a higher retirement … age than workers, whereby just retired individuals prefer the highest retirement age, (ii) in equilibrium the level of the …

The labor market effects of pension reform stem from retirement behavior and from job search and hours worked of prime … age workers. This paper investigates the impact of four often proposed policy measures for sustainable pensions … demonstrate the economic and welfare impact of recent pension reform in Austria …

Germany does not help to improve its fiscal sustainability, and only an increase in the retirement age to 70 years will help …We present new empirical evidence on the distribution of earnings, income and wealth among entrepreneurs in Germany. We …-scale overlapping-generations model that can replicate these findings. As an application, we compute the equilibrium effects of a reform …

This paper investigates how parametric reform in a pay-as-you-go pension system with a tax benefit link affects … retirement incentives and work incentives of prime-age workers. We find that postponed retirement tends to harm incentives of … supply. We show how several popular reform scenarios are geared either towards young or old workers, or, indeed, both groups …

We investigate the unemployment pathway to retirement in Germany and study the causal effects of two early retirement … reforms. Reform 1 (NRA) increased normal retirement age stepwise from 60 to 65. 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 …

The labor market effects of pension reform stem from retirement behavior and from job search and hours worked of prime … age workers. This paper investigates the impact of four often proposed policy measures for sustainable pensions … demonstrate the economic and welfare impact of recent pension reform in Austria. …

application to reference dependence exhibited in German workers’ retirement decisions. Both simulation and sufficient statistics … results suggest positive welfare effects of increasing the Normal Retirement Age, but ambiguous effects of financial … incentives to postpone retirement. Finally, we study how adopting alternative models of reference dependent preferences modifies …

We investigate the impact on pension take-up and labour supply of a broad Norwegian pension reform. Focussing on the … increase in longevity and tax on pension income equal to tax on labour income, implies lower take up of pensions and more …

individuals, who progressed into retirement in 2007-2015, to measure the level of intra-generational redistribution in the German … statutory pension scheme (GRV). A recent reform of childcare benefit provision, which became effective in 2014, confirms the … predictions of our index. The reform introduced additional benefits for a subgroup of substantial size of German mothers, due to …

-in-differences and instrumental variable methods show that the pension reform reduces the propensity of childbearing of women in fertile … age by 10% in the short-run. Completed fertility declines by 1.3 children within 20 years after the reform, reducing the …