This paper shows that increasing the normal retirement age and introducing pension deductions for retirement before … normal retirement age in Germany did not prolong employment of older men. The reason for this surprising result is that … employers encouraged their employees to use the bridge options unemployment or partial retirement instead of the early …

effects of early retirement disincentives on retirement behavior, individual welfare, pensions and public budget. We employ … retirement model. We find that labor market participation and retirement behavior in general are strongly influenced by the level …

close to retirement. The age pattern is partly explained by the positive effect of pension wealth on disability pensions …

close to retirement. The age pattern is partly explained by the positive effect of pension wealth on disability pensions …

We evaluate the labor market and distributional effects of an increase in the early retirement age (ERA) from 60 to 63 …

Early retirement options are usually targeted at employees at risk of not reaching their regular retirement age in … particularly negatively affected by the abolition of early retirement options. To measure differences in labor market reactions of … increased the early retirement age for women from 60 to 63 years. Based on a large administrative dataset, we use a regression …

provide a novel empirical test of human capital theory. Using a sizable pension reform which shifts the retirement age between …

This paper shows that labor income plays an important positive role for the decision to work after retirement … elasticity. Men are more attracted by earnings incentives than women. Also individuals who work until retirement can easier be … attracted by financial incentives to work after retirement than those with bridge options. Our analysis is based on a …

relationships, meaning that households, for example, react to changes in the statutory pension system, such as the retirement age or …. One approach to parametrically reform the pension system would be linking (indexing) the retirement age systematically to … contributions and taxes. Moreover, with a rising retirement age and the associated longer periods of work, pension entitlements …