We analyze expectations of the Dutch population ages 25 and older concerning future generosity of state and occupational pensions, the main pillars of the Dutch pension system. We use rotating panel data with monthly observations from 2006 until 2012 on individuals' subjective expectations...

This paper examines the role of the health gradient – the positive correlation between household income and health – in individual retirement behavior, using data from the German Socio-economic Panel (GSOEP). We first estimate agegroup-specific health gradients and find their slope increases...

This paper discusses mandatory participation in Dutch occupational pension schemes. While mandatory participation is a historical feature of most second-pillar pension arrangements, some recent developments may affect the case for mandatory participation. The main ones are the revision of the...

Die geplante Mütterrente wird bis 2018 den Rentenbeitragssatz um durchschnittlich 0,3 Prozentpunkte erhöhen und das Bruttorentenniveau um durchschnittlich 0,4 Prozentpunkte reduzieren. Da ab 2019 der Bundeszuschuss schrittweise erhöht werden soll, werden die längerfristigen Wirkungen auf...

About 20% of German workers retire on disability pensions. Disability pensions provide fairly generous benefits for those who are not already age-eligible for an old-age pension and who are deemed unable to work for health reasons. In this paper, we use two sets of individual survey data to...

We present quasi-experimental evidence on the effects of increasing the Early Retirement Age (ERA) on older workers' retirement decisions. The analysis is based on social security reforms in Austria in 2000 and 2004, and administrative data allows us to distinguish between pension claims and job...

We study retirement incentives with augmented option value model à la Stock and Wise (1990). We propose methodological extensions to better reflect the respective incentives faced by singles and couples. Our results show that a more comprehensive modelling of couples' incentives leads to very...

Vor dem Hintergrund der steigenden Lebenserwartung wurde im Jahr 2007 beschlossen, das Renteneintrittsalter in Deutschland stufenweise von 65 auf 67 Jahre anzuheben. Hauptziel dieser Reform war es, den Beitragssatz und die finanzielle Lage der gesetzlichen Rentenversicherung zu stabilisieren....

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...

The present paper studies the growth, welfare and efficiency consequences of the recent introduction of tax-favored retirement accounts in Germany in a general equilibrium overlapping generations model with idiosyncratic lifespan and labor income uncertainty. We focus on the implicit...