The paper describes labor market developments for older workers in Germany in recent years. It provides a a summary of the main changes in labor market and pension policies in Germany which might have contributed to these developments. The main part of the paper offers, on the basis of micro...

Angesichts der schrumpfenden Erwerbsbevölkerung ist es ein zentrales wirtschaftspolitisches Ziel, die Zahl der Beschäftigten und damit der Beitragszahlenden auf möglichst hohem Niveau zu halten. Dies könnte erreicht werden, wenn Menschen später aus ihrem Erwerbsleben ausscheiden. Eine...

This study analyzes the causal effect of an increase in the retirement age on health. We exploit a sizable cohort-specific pension reform for women using two complementary empirical approaches - a Regression Discontinuity Design and a Difference-in-Differences approach. The analysis is based on...

Vor dem Hintergrund der steigenden Lebenserwartung wurde im Jahr 2007 beschlossen, das Renteneintrittsalter in Deutschland stufenweise von 65 auf 67 Jahre anzuheben. Hauptziel dieser Reform war es, den Beitragssatz und die finanzielle Lage der gesetzlichen Rentenversicherung zu stabilisieren....

How can public pension systems be reformed to ensure fiscal stability in the face of increasing life expectancy? To address this pressing open question in public finance, we use micro data to estimate a structural life-cycle model of individuals' employment, retirement and consumption decisions....

How can public pension systems be reformed to ensure fiscal stability in the face of increasing life expectancy? To address this question, we use micro data to estimate a structural life-cycle model of individuals’ employment, retirement and consumption decisions. We calculate that, in the...

This study analyzes the causal effect of an increase in the retirement age on official health diagnoses. We exploit a sizable cohort-specific pension reform for women using a Difference-in-Differences approach. The analysis is based on official records covering all individuals insured by the...

How can public pension systems be reformed to ensure fiscal stability in the face of increasing life expectancy?  To address this pressing open question in public finance, we estimate a life-cycle model in which the optimal employment, retirement and consumption decisions of forward-looking...

This study analyzes the causal effect of an increase in the retirement age on health. We exploit a sizable cohort-specific pension reform for women using two complementary empirical approaches - a Regression Discontinuity Design and a Difference-in- Differences approach. The analysis is based on...

We evaluate the labor market and distributional effects of an increase in the early retirement age (ERA) from 60 to 63 for women. We use a regression discontinuity design which exploits the immediate increase in the ERA between women born in 1951 and 1952. The analysis is based on the German...