This paper provides a two-part empirical analysis on how actuarial reduction rates for early retirement affect current … retirement planning. First, by evaluating a large dataset of administrative records it becomes evident that early retirement … retirement if in turn they were willing to accept an actuarial reduction on their pension. It becomes evident that the maximum …

deductions for early retirement. This paper examines the evolution of the profitability of pension contributions against the …

deductions for early retirement. This paper examines the evolution of the profitability of pension contributions against the …

In a large online experiment, we relate the retirement timing decision to the disparity between the willingness … order to delay retirement is elicited. Our results reveal that the framing of the decision problem strongly influences … participants' reservation price for early retirement. The willingness-to-accept for early retirement is more than twice as high as …

Western societies. Starting with cohort 1937, Germany introduced permanent pension deductions for early retirement. This paper …

This paper provides a two-part empirical analysis on how actuarial reduction rates for early retirement affect current …’s retirement planning. First, when looking at administrative records, early retirement shows a high prevalence at the extensive and … survey is exploited where respondents are offered a hypothetical deal for early retirement if in turn they are willing to …

Against the background of the increasing legal retirement age, broader opportunities for a smooth transition to … retirement are often demanded for elderly workers who are disinclined or unable to continue working full-time. This study … compares different options for a transition to retirement. It becomes evident that from an insurant's point of view, the far …

In 2007 Germany has introduced a pension reform which increases the normal retirement age from currently age 65 to 67 … effective retirement age by about one year and redistribute towards future cohorts. However, it hardly reduces old-age poverty … since rich people are more flexible in adjusting retirement. Overall, the efficiency gains of the reform are very modest …

Do people form correct expectations about the impact of retirement on their health? This paper looks at unexpected … the problem of reverse causality (running from health condition to retirement). Our findings indicate that retirement … vary in the same way, i.e. improve unexpectedly after retirement for men. These findings suggest that, at least in the case …