decisive when making decisions about whether to take retirement or continue in employment. The legal regulations may … to making a choice on whether people at the age of retirement should be left with an unequivocal choice: either work and … pensioners in work and thus create an opportunity for people who receive a retirement pension to work as long as possible? The …

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 …This paper shows that increasing the normal retirement age and introducing pension deductions for retirement before …