retirement age (FRA) of individuals with a long contribution history by up to two years and framed the new FRA as reference age … for retirement. Using administrative data from public pension insurance accounts, we first document a substantial bunching …

advocated policy response is to increase retirement age. Ironically, however, the political support for this policy may actually …) from pension reforms referenda, we show in fact that individuals close to retirement tend to oppose policies that postpone … retirement, whereas young and elderly individuals are more favorable. The current process of population aging, and the associated …

Within a politico-economic model we first establish three hypotheses: (i) Retirees generally prefer a higher retirement … age than workers, whereby just retired individuals prefer the highest retirement age, (ii) in equilibrium the level of the … legal retirement age is increasing in longevity and (iii) decreasing in the public pension replacement rate. We then test …

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

We investigate the unemployment pathway to retirement in Germany and study the causal effects of two early retirement … unemployment, and shifted to alternative pathways into retirement. The overall use of the retirement system declined by about 1 … reforms. Reform 1 (NRA) increased normal retirement age stepwise from 60 to 65. Simultaneously, it became possible to use …

In this paper, we consider how the hours of work and retirement age ought to respond to a change in the uncertainty of … individuals' labor supply and retirement-decisions, the results show that a decrease in the standard deviation of life …-length leads to an increase in the optimal retirement age and a decrease in the hours of work per period spent working. This result …

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

Germany recent reforms that aim at raising retirement age and cutting benefit levels should be complemented by increases in … ; tax-benefit linkage ; endogenous retirement ; population ageing …