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 …

We analyze the effects of increasing the retirement age in two economies with overlapping generations and within cohort … defined benefit to a defined contribution. We find that if increase in the retirement age is phased in a way that allows …

retirement age. We look at a scenario where an economy has a pay-as-you-go defined benefit scheme and compare it to a scenario …

retirement age. We look at a scenario where an economy has a pay-as-you-go defined benefit scheme and compare it to a scenario …

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 …