The distributional effect of the increase in the compulsory retirement age depends markedly on the individual employment history and the labor market situation. Based on model simulations and administrative data (Scientific Use Files der Rentenzugangsstatistik 2006) we analyze the income effect...

Der Artikel greift einige zentrale Fragen der Gestaltung der deutschen Alterssicherungspolitik auf, die in den letzten zwei Jahrzehnten durch Reformmaßnahmen von weitreichender Bedeutung wurden, und zwar für Erwerbstätige und Rentner, wie auch für das Alterssicherungssystem insgesamt und...

A new born child has on average a three months longer life expectancy than a newborn of the previous year. Consequences of these gains in life expectancy are-in the case of a constant statutory retirement age-increasing pay-out-periods in the PAYGS. The retirement age of 67 tries to cover the...

All across the world, pension systems are undergoing considerable change. Public pension systems have been reformed and parts of the formerly public social provision have been shifted to market based provisions. The normative pretensions of European welfare states, however, remain unchanged...

To ensure the sustainability of public pension finances in light of the increase in life-expectancy Germany as well as other OECD countries have decided to raise the statutory retirement age. Against this background, this paper presents the main trends of the development of pensionable ages in...

We employ data from the German Socio-Economic Panel to examine the income distribution for elderly individuals since German unification. The elderly population, defined as people of age 55 and older, is decomposed by people resident in the Old and New Federal States. Further, we distinguish...

Studies on private pension provision products have been focusing increasingly on the level of information among consumers. With the aid of a representative panel survey, this essay looks at more extensive approaches to an explanation for restraints on the demand side that may obstruct preference...

There has been skepticism from the beginning regarding the "Riester-Rente" pension scheme because it was not compulsory. From the author's point of view, this skepticism has been confirmed. The lack of commitment to the Riester pension system leads to concrete problems including debatable...

The article documents the discussion of a workshop on the Riester saving which took place at DIW Berlin. Workshop participants included scientists, consumer advocates, representatives from the financial services industry, and politicians. The workshop addressed a number of controversial topics,...