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

In 2007 Germany has introduced a pension reform which increases the normal retirement age from currently age 65 to 67 … effective retirement age by about one year and redistribute towards future cohorts. However, it hardly reduces old-age poverty … since rich people are more flexible in adjusting retirement. Overall, the efficiency gains of the reform are very modest …

retirement expectations of workers nearing retirement age. The reform means that public sector workers born on January 1, 1950 or …

In this project we study joint retirement of couples in Europe. We characterize various empirical regularities and use … duration models cannot account for joint retirement, our model admits joint retirement with positive probability, allows for … Survey on Health, Ageing and Retirement in Europe (SHARE) and the English Longitudinal Survey of Ageing (ELSA) …

extensive and intensive labour supply responses to changes in fertility rates, and (ii) the potential of a retirement reform to … fertility decline, a retirement reform, designed to increase labour supply at the extensive margin, is found to simultaneously … reduce labour supply at the intensive margin. This backlash to retirement reform requires the statutory retirement age to …

incentives to early retirement. Due to dynamic effciency, the new NDC scheme provides less than actuarially fair benefits. As a … consequence of the rules adopted to compute coefficients used to convert the notionally accumulated sum at retirement into the …