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We provide new evidence of forward-looking labor supply responses to changes in pension wealth. We exploit a 2014 German reform that increased pension wealth for mothers by an average of 4.4% per child born before January 1, 1992. Using administrative data on the universe of working histories,...
Persistent link: https://www.econbiz.de/10014279704
We provide new evidence of forward-looking labor supply responses to changes in pension wealth. We exploit a 2014 German reform that increased pension wealth for mothers by an average of 4.4% per child born before January 1, 1992. Using administrative data on the universe of working histories,...
Persistent link: https://www.econbiz.de/10014280148
Earlier this year the results of the study ”old-age security in Germany 1996 (AVID 96)“ have been published. This study describes the future age-income-situation of the currently employed population. An essential element is the estimation of future individual working-biographies. This...
Persistent link: https://www.econbiz.de/10013152664
I estimate the effect of additional pension benefits on women's retirement decisions by examining a German pension …
Persistent link: https://www.econbiz.de/10012890153
retirement behavior as low-skilled Germans. The results are consistent with low-skilled workers in Germany being frozen in a …
Persistent link: https://www.econbiz.de/10010470896
Public pay-as-you-go pensions still form the dominant pillar of old-age provision in Germany. This is in marked contrast to the situation in Anglo-Saxon countries. It has advantages if labour markets are strong, e.g., following a quick recovery from the Great Recession. It has disadvantages, as...
Persistent link: https://www.econbiz.de/10011429583
perspective and considers household retirement incomes in the light of analysing old-age poverty and designing (minimum) pension …
Persistent link: https://www.econbiz.de/10012265643
This paper documents and analyzes an important and puzzling stylized fact about retirement behavior: the large … three statutory retirement ages, although there is often no incentive or even a disincentive to retire at these thresholds … covering the universe of German retirees, and I exploit unique variation in financial retirement incentives as well as …
Persistent link: https://www.econbiz.de/10012057310
We use nationally representative panel data from Australia to consider the impact of retirement on individual locus of … causality via cohort-specific eligibility age for the Australian Age Pension. We show that retirement leads to increased … effects of retirement on health and subjective well-being, respectively. The impact of retirement on control beliefs varies …
Persistent link: https://www.econbiz.de/10014454434
Germany recent reforms that aim at raising retirement age and cutting benefit levels should be complemented by increases in … ; tax-benefit linkage ; endogenous retirement ; population ageing …
Persistent link: https://www.econbiz.de/10009375717