close to retirement. The age pattern is partly explained by the positive effect of pension wealth on disability pensions …This study provides novel evidence about the pension wealth elasticity of employment. For the identification we exploit … reform-induced variation of pension wealth that is related to the number of children but which does not affect the implicit …

close to retirement. The age pattern is partly explained by the positive effect of pension wealth on disability pensions …This study provides novel evidence about the pension wealth elasticity of employment. For the identification we exploit … reform-induced variation of pension wealth that is related to the number of children but which does not affect the implicit …

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 …

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 …

expected retirement entry age of individuals. The literature in this field typically estimates the transfer effect on the … actual retirement probability. We suggest to base the analysis on the expected retirement age instead. This entails two …

pension contributions and expected standard of living in retirement, using microdata from the German Panel on Household … have lower (higher) expected standards of living in retirement, due to the uncertainty regarding intrahousehold resource … sharing. The empirical results suggest that household bargaining is significantly correlated with individual retirement …

Financial literacy affects wealth accumulation, and pension planning plays a key role in this relationship. In a large …

How to invest and decumulate wealth during retirement has far-reaching consequences for consumption during retirement … investigate the choice between phased withdrawal plans with varying riskiness resulting in volatile retirement income. We find … that 40% of the participants choose some risk and thus, accept fluctuations in retirement income. Second, we analyze the …

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 …

As the importance of capital is resurging in rich countries, the dynamics of wealth inequality are being increasingly … affected by inheritance distribution. The relative attraction derived from inherited wealth and acquired human capital in …'s aristocratic wealth has experienced more negative shocks since WWII, social stratification is perceived as less acute, and half of …