This paper studies the evolution of early retirement due to disease and injury in the German labor force between 1988 and 2004. Using data from the German Federation of Public Pension Providers, the IMS Health Drug Launches database and the WHO Mortality Database, we show that new drug launches...

The 2014 pension reform has three main components. First disability pensions have been increased by about two earnings points, an average monthly gain of 40 euros. In addition low wages in the four years preceding disability-related retirement will now be disregarded. However, since these new...

This paper analyzes the reform of the pensionable age as an answer to the future financing problems of public pension systems. We use a two-staged model where, first, the government decides the redistribution level of the pension system and, secondly, individuals face a voting process on the...

Die Öffentlichkeit unterliegt drei Irrtümern in Hinblick auf die gesetzliche Rente: Es wird behauptet, dass die Rente mit 67 rentenkürzend wirkt, dass die Renten im Osten Deutschlands geringer sind als im Westen, und dass eine Ausweitung der Beitragsbemessungsgrenze die Finanzierungsprobleme...