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Pension Reform in Germany: The Impact on Retirement Decisions

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  • Barbara Berkel
  • Axel Börsch-Supan
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    Abstract

    The paper examines the long-term implications of various reform options for retirement entry decisions and the actual retirement age of older workers. It focuses on the changes in pension legislation since 1992 and the reform options discussed by the German Social Security Reform Commission installed in 2002 (Rürup Commission). Our simulations show that the early-retirement adjustment factors introduced by the 1992 pension reform will raise the average effective retirement age for men by almost 2 years. The 2-year increase in all relevant age limits proposed by the Rürup Commission would raise the retirement age of men by another 8 months.

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    Bibliographic Info

    Article provided by Mohr Siebeck, Tübingen in its journal FinanzArchiv.

    Volume (Year): 60 (2004)
    Issue (Month): 3 (September)
    Pages: 393-

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    Handle: RePEc:mhr:finarc:urn:sici:0015-2218(200409)60:3_393:prigti_2.0.tx_2-s

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    Related research

    Keywords: retirement decisions; social security reform; retirement age; adjustment factors;

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    Cited by:
    1. Axel Börsch-Supan & Hendrik Jürges, 2009. "Early Retirement, Social Security and Well-Being in Germany," NBER Chapters, in: Developments in the Economics of Aging, pages 173-199 National Bureau of Economic Research, Inc.
    2. Axel Börsch-Supan, 2012. "Wie gut können wir die Folgen des demographischen Wandels abschätzen? Was ist sicher? Wozu brauchen wir bessere Daten?," AStA Wirtschafts- und Sozialstatistisches Archiv, Springer, vol. 6(1), pages 65-82, December.
    3. Axel H. Börsch-Supan & Anette Reil-Held & Christina B. Wilke, 2007. "How an Unfunded Pension System looks like Defined Benefits but works like Defined Contributions: The German Pension Reform," MEA discussion paper series 07126, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
    4. Barbara Berkel, 2006. "Retirement Age and Preretirement in German Administrative Data," MEA discussion paper series 06107, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
    5. Axel Börsch-Supan & Reinhold Schnabel, 2010. "Early Retirement and Employment of the Young in Germany," NBER Chapters, in: Social Security Programs and Retirement around the World: The Relationship to Youth Employment, pages 147-166 National Bureau of Economic Research, Inc.
    6. Melanie Lührmann, 2007. "Consumer Expenditures and Home Production at Retirement - New Evidence from Germany," MEA discussion paper series 07120, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
    7. Friedrich Breyer & Stefan Hupfeld, 2010. "On the Fairness of Early-Retirement Provisions," German Economic Review, Verein für Socialpolitik, vol. 11, pages 60-77, 02.
    8. Manuel Kallweit, 2009. "Rentenreform und Rentenzugangsentscheidung – Eine numerische Gleichgewichtsanalyse," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), Justus-Liebig University Giessen, Department of Statistics and Economics, vol. 229(4), pages 426-449, August.
    9. Jean-Marie Lozachmeur & Pierre Boyer, 2013. "Welfare programs and motivation bias of social workers," 2013 Meeting Papers 617, Society for Economic Dynamics.
    10. Sašo Polanec & Aleš Ahčan & Miroslav Verbič, 2013. "Retirement decisions in transition: microeconometric evidence from Slovenia," Post-Communist Economies, Taylor & Francis Journals, vol. 25(1), pages 99-118, March.
    11. Ale?Ahcan & Saso Polanec, 2008. "Social Security and Retirement during Transition:Microeconometric Evidence from Slovenia," LICOS Discussion Papers 22108, LICOS - Centre for Institutions and Economic Performance, KU Leuven.
    12. Spitz, Alexandra, 2005. "The Effects of Changes in the Unemployment Compensation System on the Adoption of IT by Older Workers," ZEW Discussion Papers 05-40, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    13. Stanislav Klazar & Barbora Slintáková, 2012. "How Progressive is the Czech Pension Security?," Prague Economic Papers, University of Economics, Prague, vol. 2012(3), pages 309-327.
    14. Fehr, Hans & Jokisch, Sabine & Kallweit, Manuel & Kindermann, Fabian & Kotlikoff, Laurence J., 2013. "Generational Policy and Aging in Closed and Open Dynamic General Equilibrium Models," Handbook of Computable General Equilibrium Modeling, Elsevier.
    15. Martin Hering, 2008. "Grand Coalitions for Unpopular Reforms: Building a Cross-Party Consensus to Raise the Retirement Age," Social and Economic Dimensions of an Aging Population Research Papers 233, McMaster University.
    16. Oliver Ehrentraut & Matthias Heidler, 2008. "Zur nachhaltigen Finanzierung der GRV: Der Beitrag der Altersgrenzenanhebung im Rentenreformprozess," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 9(4), pages 424-445, November.
    17. Bernhard Boockmann & Jan Fries & Christian Göbel, 2012. "Specific Measures for Older Employees and Late Career Employment," IAW Discussion Papers 89, Institut für Angewandte Wirtschaftsforschung (IAW).
    18. Heidler, Matthias & Müller, Christoph & Weddige, Olaf, 2009. "Measuring accrued-to-date liabilities of public pension systems: Method, data and limitations," FZG Discussion Papers 37, Research Center for Generational Contracts (FZG), University of Freiburg.

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