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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 …
Persistent link: https://www.econbiz.de/10010362934
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. …
Persistent link: https://www.econbiz.de/10010488502
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 …
Persistent link: https://www.econbiz.de/10013052317
Persistent link: https://www.econbiz.de/10011474095
This paper investigates whether exchanging the Social Security delayed retirement credit, currently paid as an increase … voluntarily claim about half a year later if the lump sum were paid for claiming any time after the Early Retirement Age, and … about two-thirds of a year later if the lump sum were paid only for those claiming after their Full Retirement Age. Overall …
Persistent link: https://www.econbiz.de/10010482081
substantially less so when wages and pensions in partial retirement remain uncompensated. Partial retirement decreases inequality in …This paper develops a structural dynamic retirement model to investigate effects and corresponding underlying … mechanisms of a partial retirement program on labor supply, fiscal balances, and the pension income distribution. The structural …
Persistent link: https://www.econbiz.de/10011709806
paramount relevance for scientists and policy makers. We take Germany as an example: Twenty years of pension reform have … desired response is that individuals accumulate private assets for retirement. Whether this actually takes place, is of … transition worked out? We survey the reform steps and household's reactions: How did individuals adjust their labor market …
Persistent link: https://www.econbiz.de/10013040083
Persistent link: https://www.econbiz.de/10012107807
We analyze the influence of health and financial incentives on the retirement behavior of older workers in France …, building upon Stock and Wise (1990) option value approach. The model accounts for three main retirement routes: the normal … retirement, disability insurance (DI) and unemployment/preretirement pathways, and is estimated with a combination of …
Persistent link: https://www.econbiz.de/10013050274
Persistent link: https://www.econbiz.de/10009691044