application to reference dependence exhibited in German workers' retirement decisions. Both simulation and sufficient statistics … results suggest positive welfare effects of increasing the Normal Retirement Age, but ambiguous effects of financial … incentives to postpone retirement. Finally, we study how adopting alternative models of reference dependent preferences modifies …

-specific deductions for early retirement on female retirement, employment and unemployment. For the empirical analysis we use high … document that the pension reform leads to a postponement of retirement, an increase in employment and a shifting in …

Early retirement options are usually targeted at employees at risk of not reaching their regular retirement age in … particularly negatively affected by the abolition of early retirement options. To measure differences in labor market reactions of … increased the early retirement age for women from 60 to 63 years. Based on a large administrative dataset, we use a regression …

Early retirement options are usually targeted at employees at risk of not reaching their regular retirement age in … particularly negatively affected by the abolition of early retirement options. To measure differences in labor market reactions of … increased the early retirement age for women from 60 to 63 years. Based on a large administrative dataset, we use a regression …

We evaluate the labor market and distributional effects of an increase in the early retirement age (ERA) from 60 to 63 …

We show that the long-run economic growth effect of an increase in the retirement age is unambiguously positive in …-by-doing-spillovers, in which an increase in the retirement age reduces physical capital accumulation and thereby economic growth. Our results …

retirement age (ERA). Raising the ERA has the potential to extend contribution periods and to reduce the number of pension … retirement program for women born after 1951, effectively raising the ERA for women by three years. We analyze the effects of …

We evaluate the labor market and distributional effects of an increase in the early retirement age (ERA) from 60 to 63 …

We evaluate the labor market and distributional effects of an increase in the early retirement age (ERA) from 60 to 63 …

future employment. Exploiting across cohort variation in expected pension wealth induced by a 3-year lift in early retirement …