Showing 11 - 20 of 7,022
To estimate the effects of large cuts in pensions on the age of first benefit receipt, we exploit two natural experiments in which such cuts affect a group of repatriated ethnic German workers. The pensions were cut by about 12%, yet, according to our regression discontinuity estimates based on...
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
How can retirement savings be increased? We explore a unique policy change in the context of the German pension system to study this question. As of 2004, the German pension authority started to send out annual letters providing detailed and comprehensible information about the pension system...
Persistent link: https://www.econbiz.de/10011535690
in the employment rates, particularly between men and women will have a significant impact on pension incomes in NDC … are pronounced differences in the labour market participation in the four countries: high levels of employment in Germany … and Sweden are in contrast with low levels of employment in Italy and Poland. In the latter two countries, there is also a …
Persistent link: https://www.econbiz.de/10011798236
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/10012996684
This paper documents and analyzes an important and puzzling stylized fact about retirement behavior: the large concentration of job exits at specific ages. In Germany, almost 30% of workers retire precisely in the month when they reach one of three statutory retirement ages, although there is...
Persistent link: https://www.econbiz.de/10012861376
Providing a decent living standard and preventing old-age poverty are the two major challenges of pension insurance schemes. Replacement rates below the poverty line despite many years of contribution represent a major challenge for public pension schemes with respect to the systems 'raison...
Persistent link: https://www.econbiz.de/10012863219
increasing life expectancy. The model shows that the resulting increase in employment would also bolster social security …
Persistent link: https://www.econbiz.de/10012197894
Providing a decent living standard and preventing old-age poverty are the two major challenges of pension insurance schemes. Replacement rates below the poverty line despite many years of contribution represent a major challenge for public pension schemes with respect to the systems "raison...
Persistent link: https://www.econbiz.de/10012265643
This paper documents and analyzes an important and puzzling stylized fact about retirement behavior: the large concentration of job exits at specific ages. In Germany, almost 30% of workers retire precisely in the month when they reach one of three statutory retirement ages, although there is...
Persistent link: https://www.econbiz.de/10012057310