We estimate a dynamic structural model of labor supply, retirement, and informal care supply, incorporating labor …

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 …

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 …

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 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 …