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decisions in Germany, in particular disability benefit uptake. We show that financial incentives to retire do affect sick …
Persistent link: https://www.econbiz.de/10013059094
In response to the challenges of increasing longevity, an obvious policy response is to gradually increase the statutory eligibility age for public pension benefits and to shut down pathways to early retirement such as special rules for women. This is, however, very unpopular. As an alternative,...
Persistent link: https://www.econbiz.de/10012918708
Incentive effects of pension systems are usually estimated under the assumption that the institutional environment provides a single optimal 'pathway' for retirement. However, many countries provide competing pathways which may include several early retirement options in addition to normal...
Persistent link: https://www.econbiz.de/10013218711
All across Europe, old age labor force participation has declined dramatically during the last decades. This secular trend coincides with population aging. The European social security systems therefore face a double threat: retirees receive pensions for a longer time while there are less...
Persistent link: https://www.econbiz.de/10013219975
Germany still has a very generous public pay-as-you-go pension system. It is characterized by early effective …
Persistent link: https://www.econbiz.de/10013235300
The financing problems beleaguering the public pension system have again shifted the spotlight onto the retirement age. This paper examines the impact of various reform options on the actual retirement choices of older workers. The paper focuses in particular on the long-term implications of the...
Persistent link: https://www.econbiz.de/10013249133
focuses on three large Continental European countries: France, Germany, and Italy. These countries have large pay …
Persistent link: https://www.econbiz.de/10013147613
behavior of older persons in Germany during the last 35 years and surveys the empirical literature on the effects of the social … security system on retirement in Germany. The paper shows that even after the 1992 reform the German system is actuarially …. Indeed, average retirement age is very low in West Germany (about age 59) and even lower in East Germany. This tendency …
Persistent link: https://www.econbiz.de/10013323464