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Rates of return and early retirement disincentives: Evidence from a German pension reform

Lüthen, Holger - 2014

To counteract the financial pressure emerging in aging societies, statutory pay-as-you-go pension schemes are undergoing fundamental reforms in many Western countries. Starting with cohort 1937, Germany introduced permanent pension deductions for early retirement. This paper examines the...

Persistent link: https://www.econbiz.de/10010368447

The rising longevity gap by lifetime earnings: Distributional implications for the pension system

Haan, Peter; Kemptner, Daniel; Lüthen, Holger - 2017

This study uses German social security records to provide novel evidence about the heterogeneity in life expectancy by lifetime earnings and, additionally, documents the distributional implications of this earnings-related heterogeneity. We find a strong association between lifetime earnings and...

Persistent link: https://www.econbiz.de/10011749976

Profitability of pension contributions: Evidence from real-life employment biographies

Schröder, Carsten - 2010

partner. Due to survivor pensions, married insurants benefit from higher IRR as compared to the non-married. Interestingly …

Persistent link: https://www.econbiz.de/10010285772

Too rich to do the dirty work? Wealth effects on the demand for good jobs

Haywood, Luke - 2014

non-monetary aspects evolves over changing wealth levels. Wages do not perfectly compensate individuals for differential … utility of jobs in a labour market with informational frictions. Changes in wealth may then affect preferences for different … increase with wealth shocks. Duration models are estimated based on the reduced form of a search model. Wealth may play an …

Persistent link: https://www.econbiz.de/10010330389

Social Security in Germany: A Prey of Political Opportunism?

Potrafke, Niklas - 2007

This paper examines how politicians influenced social security policy in Germany. Using yearly data from the German Pension Insurance from 1957 to 2005, revenues as well as expenditures are analysed in linear regression models, respectively. In accordance with opportunistic political behaviour,...

Persistent link: https://www.econbiz.de/10010260907

Fairness of public pensions and old-age poverty

Breyer, Friedrich; Hupfeld, Stefan - 2008

In several OECD countries, public pay-as-you-go financed pension systems have undergone major reforms in which future retirement benefit promises have been scaled down. A consequence of these reforms is that especially in countries with a tight tax-benefit linkage, the retirement benefit claims...

Persistent link: https://www.econbiz.de/10010265026

Representative Wealth Data for Germany from the German SOEP: The Impact of Methodological Decisions around Imputation and the Choice of the Aggregation Unit

Frick, Joachim R.; Grabka, Markus M.; Sierminska, Eva M. - 2007

The definition and operationalization of wealth information in population surveys and the corresponding microdata …-data-collection stage may interfere considerably with the substantive research question. Looking at wealth data from the German SOEP, this … analysis affects wealth distribution and inequality analysis. Obviously, when measured in ?per capita household? terms, wealth …

Persistent link: https://www.econbiz.de/10010324233

Labor market and income effects of a legal minimum wage in Germany

Müller, Kai-Uwe; Steiner, Viktor - 2010

In view of rising wage and income inequality, the introduction of a legal minimum wage has recently become an important policy issue in Germany. We analyze the distributional effects of a nationwide legal minimum wage of 7.50 € per hour on the basis of a microsimulation model which accounts...

Persistent link: https://www.econbiz.de/10010271359

The pros and cons of sick pay schemes: Testing for contagious presenteeism and shirking behavior

Pichler, Stefan; Ziebarth, Nicolas R. - 2015

This paper proposes a test for the existence and degree of contagious presenteeism and negative externalities in sickness insurance schemes. First, we theoretically decompose moral hazard into shirking and contagious presenteeism behavior and derive testable conditions. Then, we implement the...

Persistent link: https://www.econbiz.de/10011341078

Would a legal minimum wage reduce poverty? A microsimulation study for Germany

Müller, Kai-Uwe; Steiner, Viktor - 2008

In view of rising wage inequality and increasing poverty, the introduction of a legal minimum wage has recently become an important policy issue in Germany. We analyze the distributional effects of the introduction of a nationwide legal minimum wage of € 7.5 per hour on the basis of a...

Persistent link: https://www.econbiz.de/10010324261