behind the recent incredible rise in old age employment in Germany. …

In several OECD countries age-targeted wage subsidies have been introduced to increase the employment of older workers … on the employment rate, working time and hourly wage. We estimate these effects by integrating Inverse Probability … small positive short-run impacts on working time and larger ones on the employment rate, but only for employees at high risk …

examine a generous partial retirement reform in Germany that led to a massive increase in early retirement. Using county …

identify non-employment-related scarring by examining the transition of unemployed people to retirement as a life event after … (unemployment scarring). It is not clear, however, whether this scarring is only caused by employment-related factors, such as … worsened working conditions, or increased future uncertainty as regards income and employment. Using German panel data, we …

agenda. Due to endogenous human capital depreciation the effective retirement age is often below statutory retirement age … retirement. However, well designed education programs will keep more workers in highly productive activities at the end of their …

This paper documents and analyzes an important and puzzling stylized fact about retirement behavior: the large … three statutory retirement ages, although there is often no incentive or even a disincentive to retire at these thresholds … covering the universe of German retirees, and I exploit unique variation in financial retirement incentives as well as …

We find that segments of society who have shorter life expectancy can expect a lower retirement income and lifetime … utility due to the longevity of other groups participating in the same pension scheme. Linking retirement age to average life …

Most industrialized countries today are facing historical demographic changes, paring increasing retirement with a … suggests a negative effect on total factor productivity. Using newly collected longitudinal data on pensioners, we quantify … this effect by exploiting variation in the pre-determined component of retirement. We find that a 10-point increase in the …

relevance of the labor demand component in retirement decisions, we consider a trade liberalization between Switzerland and the … early retirement behavior in three periods (pre-liberalization, announcement, and implementation) for three groups of …, and that the employment of young (30-years old) male workers increases. The distribution of wages by age is instead …

observed trend towards early retirement. In a world of laissez-faire or of first-best efficiency, there would be no such … variables are not observable, the optimal policy does imply a distortion of the retirement decision. Consequently, the … inducement of early retirement may be part of the optimal tax-transfer policy. We consider a model in which individuals differ in …