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employers encouraged their employees to use the bridge options unemployment or partial retirement instead of the early …
Persistent link: https://www.econbiz.de/10012167052
substitution effects into unemployment, partial retirement, disability pension, or inactivity. Eligibility for the pension for …
Persistent link: https://www.econbiz.de/10012671878
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...
Persistent link: https://www.econbiz.de/10011902730
In this paper we present a life-cycle model with human capital investment during working life through training and provide a novel empirical test of human capital theory. Using a sizable pension reform which shifts the retirement age between two adjacent cohorts by three years, we document...
Persistent link: https://www.econbiz.de/10012139004
increase in the working horizon on (un)employment behaviour for individuals with a long remaining statutory working life. Using … probability of employment, decreases the probability of unemployment, and increases the intensity of job search among the …
Persistent link: https://www.econbiz.de/10014245855
Previous studies find that past unemployment reduces life satisfaction even after reemployment for non-monetary reasons … (unemployment scarring). It is not clear, however, whether this scarring is only caused by employment-related factors, such as …-monetary unemployment scarring for people who were unemployed for the first time in their life directly prior to retirement, but not for …
Persistent link: https://www.econbiz.de/10010348430
In aging societies, information on how to reform pension systems is essential to policy makers. This study scrutinizes effects of early retirement disincentives on retirement behavior, individual welfare, pensions and public budget. We employ administrative pension data and a detailed model of...
Persistent link: https://www.econbiz.de/10011440834
This study provides novel evidence about the pension wealth elasticity of employment. For the identification we exploit reform-induced variation of pension wealth that is related to the number of children but which does not affect the implicit tax rate of employment. We use a...
Persistent link: https://www.econbiz.de/10014476768
This study provides novel evidence about the pension wealth elasticity of employment. For the identification we exploit reform-induced variation of pension wealth that is related to the number of children but which does not affect the implicit tax rate of employment. We use a...
Persistent link: https://www.econbiz.de/10014088379
which accounts for cohort effects in individual employment and unemployment and earnings over the lifecycle as well as the … but due to higher cumulated unemployment. For West German men, the small reduction of average pension levels among younger …
Persistent link: https://www.econbiz.de/10003962861