normal retirement age in Germany did not prolong employment of older men. The reason for this surprising result is that … retirement option for the long-term insured. Bridge options allowed employers to terminate employment considerably earlier than … of the bridge options. Therefore mainly employers with high employment adaption costs induced employees to use a bridge …

downgraded employment, and of children to drop-out from education. While effects are stronger among vulnerable households …

This study provides novel evidence about the pension wealth elasticity of employment. For the identification we exploit … tax rate of employment. We use a difference-in-differences estimator based on administrative data from the German pension … insurance and find that, on average, the negative employment effect of pension wealth is significant and economically important …

This study provides novel evidence about the pension wealth elasticity of employment. For the identification we exploit … tax rate of employment. We use a difference-in-differences estimator based on administrative data from the German pension … insurance and find that, on average, the negative employment effect of pension wealth is significant and economically important …

wage returns to age. We also obtain suggestive evidence that relative employment rates of older workers decline when mean …