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The effects of early retirement incentives on retirement decisions
Dolls, Mathias; Krolage, Carla - 2019
This paper analyzes behavioral responses to a reform in the German public pension system that allowed individuals with a long contribution history to retire without deductions before reaching the regular retirement age. Following the 2014 reform, individuals with 45 contribution years could...
Persistent link: https://www.econbiz.de/10012230971
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Old-age poverty : the household perspective : a microsimulation approach of pension entitlements in Germany
Finkler, Sebastian - 2019 - This version: 11 February 2019
Providing a decent living standard and preventing old-age poverty are the two major challenges of pension insurance schemes. Replacement rates below the poverty line despite many years of contribution represent a major challenge for public pension schemes with respect to the systems "raison...
Persistent link: https://www.econbiz.de/10012265643
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The effects of early retirement incentives on retirement decisions
Dolls, Mathias; Krolage, Carla - 2019
This paper analyzes behavioral responses to a reform in the German public pension system that allowed individuals with a long contribution history to retire without deductions before reaching the regular retirement age. Following the 2014 reform, individuals with 45 contribution years could...
Persistent link: https://www.econbiz.de/10011963038
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"Earned, not given"? : the effect of lowering the full retirement age on retirement decisions
Dolls, Mathias; Krolage, Carla - 2023
This paper analyzes behavioral responses to a 2014 reform in the German public pension system that lowered the full retirement age (FRA) of individuals with a long contribution history by up to two years and framed the new FRA as reference age for retirement. Using administrative data from...
Persistent link: https://www.econbiz.de/10014276849
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"Earned, not given"? : the effect of lowering the full retirement age on retirement decisions
Dolls, Mathias; Krolage, Carla - 2023
This paper analyzes behavioral responses to a 2014 reform in the German public pension system that lowered the full retirement age (FRA) of individuals with a long contribution history by up to two years and framed the new FRA as reference age for retirement. Using administrative data from...
Persistent link: https://www.econbiz.de/10014275978
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Die Finanzierungslücke der Gesetzlichen Rentenversicherung in Deutschland – Eine Simulationsstudie zu Lösungsmöglichkeiten
Bollacke, Steffen - In: Zeitschrift fuer Wirtschaftspolitik 63 (2014) 2, pp. 128-159
Population aging challenges pay-as-you-go pension systems. Solving the associated funding problem constantly motivates … increasing financial burden of national finances. To ensure sustainable funding of pensions, the calculation formula of the …, which are not optimally used regarding the funding of public pensions. Simulations show that a variable demographic factor …
Persistent link: https://www.econbiz.de/10010892214
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One pillar crumbling, the others too short : old-age provision in Germany
Werding, Martin - 2016
Public pay-as-you-go pensions still form the dominant pillar of old-age provision in Germany. This is in marked contrast to the situation in Anglo-Saxon countries. It has advantages if labour markets are strong, e.g., following a quick recovery from the Great Recession. It has disadvantages, as...
Persistent link: https://www.econbiz.de/10011429583
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Endogenous retirement behavior of heterogeneous households under pension reforms
Börsch-Supan, Axel; Härtl, Klaus; Leite, Duarte; … - 2018 - This draft: 25 April 2018
We propose a unified framework to measure the effects of different reforms of the pension system on retirement ages and macroeconomic indicators in the face of demographic change. A rich overlapping generations (OLG) model is built and endogenous retirement decisions are explicitly modeled...
Persistent link: https://www.econbiz.de/10011891939
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Who cares about the day after tomorrow? : pension issues when households are myopic or fime inconsistent
Börsch-Supan, Axel; Härtl, Klaus; Leite, Duarte - 2017
Pension economics has traditionally guided pension policy with the help of formal models based on individuals who think in a life cycle context with perfect foresight, full information, and in a time-consistent manner. This paper sheds light on selected aspects of pension economics when these...
Persistent link: https://www.econbiz.de/10011635567
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Back to Bismarck? Shifting preferences for intragenerational redistribution in OECD pension systems
Krieger, Tim; Traub, Stefan - 2008
Using a sample of 20 OECD countries it is shown that the majority of countries decreased the level of intragenerational redistribution in the first pillar of their pension systems, though the evidence is weak in statistical terms. We find strong correlations between changes of the so-called...
Persistent link: https://www.econbiz.de/10010335599