Pension Reform in Germany: The Impact on Retirement Decisions
Abstract
The paper examines the long-term implications of various reform options on 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 two years. The two-year increase in all relevant age limits proposed by the “Rürup Commission” would raise retirement age of men by another eight months.Download Info
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Paper provided by Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy in its series MEA discussion paper series with number 04062.Length:
Date of creation: 11 Nov 2004
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Handle: RePEc:mea:meawpa:04062
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Related research
Keywords: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
References
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- 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.
- 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.
- Axel Börsch-Supan & Hendrik Jürges, 2009.
"Early Retirement, Social Security and Well-Being in Germany,"
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- Axel Börsch-Supan & Hendrik Jürges, 2007. "Early Retirement, Social Security and Well-Being in Germany," MEA discussion paper series 07134, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
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"Consumer Expenditures and Home Production at Retirement: New Evidence from Germany,"
Sonderforschungsbereich 504 Publications
07-13, Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim.
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- 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.
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- Friedrich Breyer & Stefan Hupfeld, 2007.
"On the Fairness of Early Retirement Provisions,"
CESifo Working Paper Series
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- 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.
- 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.
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