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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Article provided by Mohr Siebeck, Tübingen in its journal FinanzArchiv.
Volume (Year): 60 (2004) Issue (Month): 3 (September) Pages: 393- Download reference. The following formats are available: HTML
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Find related papers by JEL classification: D1 - Microeconomics - - Household Behavior J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
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