This paper makes use of a natural experiment to examine effects of potential capital losses and general attractiveness of pension schemes on employees' propensity to change jobs. On January 1st 2004, the two largest pension funds in the Netherlands, for civil servants and for the health care...

This paper makes use of a natural experiment to examine effects of potential capital losses and general attractiveness of pension schemes on employees' propensity to change jobs. On January 1st 2004, the two largest pension funds in the Netherlands, for civil servants and for the health care...

Problemstellung: Grundrente und private Vorsorge statt Sozialversicherung? | Gefährdet der Strukturwandel der Arbeitswelt die Leistungs- und Finanzierungsfähigkeit der Sozialversicherung? | Finanzierungsprobleme der Sozialversicherung? | Demographische Belastungen und gesamtwirtschaftliche...

In aging societies, information on how to reform pension systems is essential to policy makers. This study scrutinizes effects of early retirement disincentives on retirement behavior, individual welfare, pensions and public budget. We employ administrative pension data and a detailed model of...