This paper provides a detailed analysis of individuals in households in England aged between 50 and the State Pension Age in terms of their private pension arrangements and current non-pension assets alongside their expectations of future economic circumstances. Our descriptive findings include...

This paper investigates how parametric reform in a pay-as-you-go pension system with a tax benefit link affects retirement incentives and work incentives of prime-age workers. We find that postponed retirement tends to harm incentives of prime-age workers in the presence of a tax benefit link,...

Many European countries are currently transferring their pay-as-you-go public pension system to a three-pillar-system of public, occupational, and private pensions. In Germany, economists expect a pension gap for future retiree cohorts as public pensions will decrease and private old age...

Ende August hat die „Kommission für die Nachhaltigkeit in der Finanzierung der Sozialen Sicherungssysteme“ („Rürup-Kommission“) der Bundesregierung ihren Bericht vorgelegt. Hierin wird, ebenso wie im Bericht der „Herzog-Kommission“ „Soziale Sicherheit _ zur Reform der sozialen...

Im April 2007 ist die „Rente mit 67“ verabschiedet worden. Wurden mit der eingeführten Prüfklausel Möglichkeiten geschaffen, die beschlossene Altersregelung zu modifizieren? Welche Folgen haben die Rentenreformen für die soziale Situation der Rentner?

Although demographic change leaves pay-as-you-go pension systems unsustainable, reforms, such as a higher pension age, are highly unpopular. This contribution looks into the role of intrinsic motivation as a driver for pension reform acceptance. Theoretical reasoning suggests that this driver...

We estimate the impact of health and financial incentives on the retirement transitions of older workers in Spain. Individual measures of pension wealth, peak and accrual values are constructed using labor market histories and health shocks are derived as changes in a composite health stock...