between the individual's internal rate of return for contributors who reach retirement age and the system's internal rate of … growth, that contributors who reach retirement age always get a higher return than the system does, and that population …

We investigate numerically how indexation of funded pensions for inflation can be differentiated across the various …

-contingent indexation in which pensions are protected against price inflation. While the aggregate welfare consequences are small, group …'s sustainability in the wake of increasing longevity. An increase in the retirement age that leaves existing pension rights untouched …

changes in employment and long-term unemployment, early retirement as well as relative wages by age for Germany in the period …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 …

public pension payments. This reform did not change the level of pensions, but only provided information to individuals about …How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … these letters on the behavior of individuals. We find an increase in tax-deductible private retirement savings and provide …

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 official records covering all individuals insured by the public health system in Germany and …