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 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 these reduction rates influence people s … retirement planning. First, by evaluating a large dataset of administrative records it becomes evident that early retirement …

We investigate the unemployment pathway to retirement in Germany and study the causal effects of two early retirement … reforms. Reform 1 (NRA) increased normal retirement age stepwise from 60 to 65. Simultaneously, it became possible to use … early retirement with benefit discounts. Reform 2 (ERA) increased the age of early retirement stepwise from 60 to 63. We …

We investigate the unemployment pathway to retirement in Germany and study the causal effects of two early retirement … reforms. Reform 1 (NRA) increased normal retirement age stepwise from 60 to 65. Simultaneously, it became possible to use … early retirement with benefit discounts. Reform 2 (ERA) increased the age of early retirement stepwise from 60 to 63. We …

Germany in 2007, which gradually will increase the statutory retirement age (SRA) from 65 to 67 years. Using the SAVE survey … more likely to plan an early retirement. The introduction of the reform seems to motivate better educated workers to remain … retirement. In terms of the magnitude of the effect, we find that the reform shifted the expectations of the younger cohorts by …