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In several OECD countries, public pay-as-you-go financed pension systems have undergone major reforms in which future retirement benefit promises have been scaled down. A consequence of these reforms is that especially in countries with a tight tax-benefit linkage, the retirement benefit claims...
Persistent link: https://www.econbiz.de/10014206870
This study evaluates the positive and negative features of the German public pension system and discusses three reasons for its increasing perceived and real difficulties: maturation, negative incentive effects, and the problems of demographic change. The German system in its current form may be...
Persistent link: https://www.econbiz.de/10014153172
article first discusses key challenges as well as opportunities for old age security in Germany within the European Union, and …
Persistent link: https://www.econbiz.de/10014522003
analyses. Contributors examine such topics as the reform of key structural features of existing pay-as-you-go (PAYG) pension … reform, and fiscal response to a demographic shock; the feasibility of PAYG reforms in the United States and the competition …
Persistent link: https://www.econbiz.de/10004973017
Pensions for reduced earnings capacity (REC) have yearly made up about 20% of all pensions granted by the German …
Persistent link: https://www.econbiz.de/10014436825
labor market policies and Social Security institutions. We explain the various pathways to retirement existing in Germany …
Persistent link: https://www.econbiz.de/10010262235
den Ruhestand anreizneutral zu gestalten. Early Retirement in Germany: Institutions and Incentives A substantial fraction … and Social Security institutions. We explain the various pathways to retirement existing in Germany, and assess the …
Persistent link: https://www.econbiz.de/10005763639
In this paper we address the question how the generosity of the benefit rule of the German public pension system has changed during the past three decades and how this development can be explained by demographic changes. Firstly, we illustrate the political risk of benefit rule changes for...
Persistent link: https://www.econbiz.de/10001787709
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 …
Persistent link: https://www.econbiz.de/10014084001
Against the background of the increasing legal retirement age, broader opportunities for a smooth transition to retirement are often demanded for elderly workers who are disinclined or unable to continue working full-time. This study compares different options for a transition to retirement. It...
Persistent link: https://www.econbiz.de/10013110588