The traditional approach to flexible retirement (e.g. NDC) neglects the impact of asymmetric information on actuarial fairness (neutrality). The mechanism design approach (e.g. Diamond, 2003) gives up the requirement of neutrality and looks for a redistributive second-best benefit-retirement-age...

We study effects of financial incentives on the retirement age using stated preference data. Dutch survey respondents were given hypothetical retirement scenarios describing age(s) of (partial and full) retirement and replacement rate(s). A structural model is estimated in which utility is the...

In Deutschland gibt es ein umfassendes Sozialsystem, das jedem Bürger einen Mindestlebensstandard sichert. Die Sozialleistungen umfassen 30 Prozent des Bruttoinlandsproduktes. Ein angemessenes Niveau der Sozialleistungen lässt sich aber nur sicherstellen, wenn sowohl das Marktsystem, in dem...