This paper provides a two-part empirical analysis on how actuarial reduction rates for early retirement affect current pension payments in Germany and to what extent the existence and the magnitude of these reduction rates influence people s retirement planning. First, by evaluating a large...

To counteract aging populations, statutory pay-as-you-go pension systems are subject to fundamental reforms in many Western societies. Starting with cohort 1937, Germany introduced permanent pension deductions for early retirement. This paper examines the evolution of the profitability of...

This research analyses retirement behaviour in Austria based on a combined administrative dataset. Data from the Austrian social security database is merged with a dataset that contains very detailed information on all pension-relevant information on the individual level, e.g. insurance records...

Comparative public policies for the elderly / John Myles -- Abeyance processes, social policy, and aging / Ephraim H. Mizruchi -- Societal aging and intergenerational support systems / Eugene A. Friedmann and Donald J. Adamchak -- The making of old age policy in France / Anne-Marie Guillemard --...