This paper documents and analyzes an important and puzzling stylized fact about retirement behavior: the large … concentration of job exits at specific ages. In Germany, almost 30% of workers retire precisely in the month when they reach one of … three statutory retirement ages, although there is often no incentive or even a disincentive to retire at these thresholds …

Using data from the German Socio-Economic Panel from 1984-2009, we follow persons from their working life into their … retirement years and find that, on average, employed people maintain their life satisfaction upon retirement, while long …

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 …

worsened working conditions, or increased future uncertainty as regards income and employment. Using German panel data, we … identify non-employment-related scarring by examining the transition of unemployed people to retirement as a life event after …-monetary unemployment scarring for people who were unemployed for the first time in their life directly prior to retirement, but not for …

estimation of unconditional quantile partial effects in a model with correlated random effects. The results show that the impact …

This paper considers the problem of identification, estimation and inference in the case of spatial panel data models … errors. A quasi maximum likelihood (QML) estimation procedure is developed and the conditions for identification of spatial …

We study how social security influences the retirement behavior of couples. First, we exploit over two decades of full …-population data and a discontinuity design to document sizable retirement spillovers to spouses when individuals reach pension … joint retirement, which is driven by older spouses working longer. Accounting for these age differences reveals a strong …

hundred age brackets and we investigate how changes in the birth rates, survival rates, and the retirement age affect the …