Axel Börsch-Supan () Barbara Berkel (Mannheim Research Institute for the Economics of Aging (MEA))
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.
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Publisher Info
Paper provided by Mannheim Research Institute for the Economics of Aging (MEA), University of Mannheim in its series MEA discussion paper series with number
04062.
Length: Date of creation: 11 Nov 2004 Date of revision: Handle: RePEc:mea:meawpa:04062
Contact details of provider: Postal: MEA - Mannheimer Forschungsinstitut Ökonomie und Demographischer Wandel, L13, 17, University of Mannheim, 68131 Mannheim Phone: +49/621/181.1862 Fax: +49/621/181.1863 Web page: http://www.mea.uni-mannheim.de/
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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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