Im März vor fünf Jahren stellte der damalige Bundeskanzler Schröder in seiner Regierungserklärung die Grundzüge der Agenda 2010 vor. Das Maßnahmenpaket umfasste Reformen am Arbeitsmarkt, bei der Sozialen Sicherung und in der Steuerpolitik. Welche Ergebnisse hatte die Reformpolitik und wie...

For the design of the pension system, it is crucial to disentangle the employment responses related to the substitution effect and the income effect. In this paper, we provide causal evidence regarding the importance of the income effect, which is generally assumed to be small or non-existent....

This paper shows that labor demand plays an important role in the labor market reactions of older women affected by pension deductions for early retirement. Based on a large representative sample of the German workforce (SIAB), we calculate the consequences of individual financial incentive...