from the labour force. Health status is represented by a latent variable reflecting the eligibility for participating in … disability insurance scheme. Estimates of the structural parameters of the concealed health process allow for forecasting the …

from the labour force. Health status is represented by a latent variable reflecting the eligibility for participating in … disability insurance scheme. Estimates of the structural parameters of the concealed health process allow for forecasting the …

address this question, we use micro data to estimate a structural life-cycle model of individuals’ employment, retirement and … consumption decisions. We calculate that, in the case of Germany, an increase of 3.76 years in the pension age thresholds or a cut … at 3.44% of baseline consumption, and are willing to forgo 8.51% of baseline consumption to avoid the cut in per …

address this pressing open question in public finance, we estimate a life-cycle model in which the optimal employment …, retirement and consumption decisions of forward-looking individuals depend, inter alia, on life expectancy and the design of the …

individuals' employment, retirement and consumption decisions. Our modeling approach allows life expectancy and the nature of the …

normal retirement age in Germany did not prolong employment of older men. The reason for this surprising result is that … retirement option for the long-term insured. Bridge options allowed employers to terminate employment considerably earlier than … of the bridge options. Therefore mainly employers with high employment adaption costs induced employees to use a bridge …

supply declines considerably and this varies by health status. We simulate a soon to be implemented pension reform which aims … individuals mainly depend on their health status …