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...

Analyses based on data from the Zulagenstelle für Altersvermögen (ZfA) show a high proportion of low wage earners among Riester-Rente savers. This result cannot be generalized to the population because the data include only Riester-Rente savers. However, analyses based on the Socio-Economic...

Due to demographic ageing the number of people in need of long-term care is expected to increase markedly in the coming decades. The public debate focuses on the question of how to organize an adequate provision of long-term care. Almost all European countries provide some support for long-term...