undergoing fundamental reforms in many Western countries. Starting with cohort 1937, Germany introduced permanent pension … deductions for early retirement. This paper examines the evolution of the profitability of pension contributions against the … background of this reform for cohorts 1935-1945. I measure the profitability with the internal rate of return (IRR) and use high …

Western societies. Starting with cohort 1937, Germany introduced permanent pension deductions for early retirement. This paper … examines the evolution of the profitability of pension contributions against the background of this reform for cohorts 1935 … the reform only cause some part of this trend, with a major part caused by increases in contributions. …

undergoing fundamental reforms in many Western countries. Starting with cohort 1937, Germany introduced permanent pension … deductions for early retirement. This paper examines the evolution of the profitability of pension contributions against the … background of this reform for cohorts 1935-1945. I measure the profitability with the internal rate of return (IRR) and use high …

This paper provides a two-part empirical analysis on how actuarial reduction rates for early retirement affect current … pension payments in Germany and to what extent the existence and the magnitude of such reduction rates influence people …’s retirement planning. First, when looking at administrative records, early retirement shows a high prevalence at the extensive and …

This paper analyzes behavioral responses to a reform in the German public pension system that allowed individuals with … a long contribution history to retire without deductions before reaching the regular retirement age. Following the 2014 … reform, individuals with 45 contribution years could retire without deductions as early as age 63 instead of age 65. Using …

This paper analyzes behavioral responses to a reform in the German public pension system that allowed individuals with … a long contribution history to retire without deductions before reaching the regular retirement age. Following the 2014 … reform, individuals with 45 contribution years could retire without deductions as early as age 63 instead of age 65. Using …

effects of early retirement disincentives on retirement behavior, individual welfare, pensions and public budget. We employ …In aging societies, information on how to reform pension systems is essential to policy makers. This study scrutinizes … retirement model. We find that labor market participation and retirement behavior in general are strongly influenced by the level …

effects of early retirement disincentives on retirement behavior, individual welfare, pensions and public budget. We employ … retirement model. We find that retirement behavior is strongly influenced by the level of disincentives. Further, disincentives …In aging societies, information on how to reform pension systems is essential to policy makers. This study scrutinizes …

In this paper, we consider how the hours of work and retirement age ought to respond to a change in the uncertainty of … individuals' labor supply and retirement-decisions, the results show that a decrease in the standard deviation of life …-length leads to an increase in the optimal retirement age and a decrease in the hours of work per period spent working. This result …