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 … legal retirement age is increasing in longevity and (iii) decreasing in the public pension replacement rate. We then test …

Germany recent reforms that aim at raising retirement age and cutting benefit levels should be complemented by increases in …

retirement incentives and work incentives of prime-age workers. We find that postponed retirement tends to harm incentives of …

longer and birth rates have declined. Postponing the full retirement age (FRA), when retirees are entitled to full pension …

The labor market effects of pension reform stem from retirement behavior and from job search and hours worked of prime …

The labor market effects of pension reform stem from retirement behavior and from job search and hours worked of prime …

increase the perceived reform necessity. Furthermore, salience increases preferences for an increase of the retirement age over …