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 …

It is a challenge for politics that an aging population leads to demands that the retirement age is increasing while … the labour market. However, the regulations have become more restrictive in the last decade and early retirement usually … leads to a lower pension. In this article, we map options for early retirement in other countries. We have found five main …

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 …

In 2007 Germany has introduced a pension reform which increases the normal retirement age from currently age 65 to 67 … rates and increase future old-age poverty rates in Germany considerably. Second, the considered reform will increase … since rich people are more flexible in adjusting retirement. Overall, the efficiency gains of the reform are very modest …

retirement age and benefit level. The present paper is devoted to analyzing the long-run financial implications of such a reform … retirement age is a popular option. To induce workers to retire later, it has been proposed to strengthen the link between …. We show that with actuarial adjustments the long-run contribution rate is an increasing function of the retirement age …

retirement age and benefit level. The present paper is devoted to analyzing the long-run financial implications of such a reform … retirement age is a popular option. To induce workers to retire later, it has been proposed to strengthen the link between …. We show that with actuarial adjustments the long-run contribution rate is an increasing function of the retirement age …

retirement age and benefit level. The present paper is devoted to analyzing the long-run financial implications of such a reform … retirement age is a popular option. To induce workers to retire later, it has been proposed to strengthen the link between …. We show that with actuarial adjustments the long-run contribution rate is an increasing function of the retirement age …

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 …

expectancies at retirement and in the length of non-contribution periods resulting, for example, from child care or care for an ill … partner. Due to survivor pensions, married insurants benefit from higher IRR as compared to the non-married. Interestingly …