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• Pablo Antolin
• Stefano Scarpetta

This paper analyses the determinants of the retirement decision in Germany using microdata from the German Socio-Economic Panel over the period 1985-1995. Non-parametric and semi-parametric techniques have been used to describe the exit to retirement. Non-parametric estimates suggest that the incentive structure generated by the different social security schemes play a powerful role in the individual retirement decision. The semi-parametric analysis is conducted using a piece-wise constant hazard model with multiple destinations (i.e. disability scheme and old-age pension scheme) and time-varying covariates. Socio-demographic factors have a strong impact on the retirement decision. Moreover, poor health contributes to early withdrawals from the labour market, especially in the case of disability retirement. Financial incentives offered in the pension system are also powerful in shaping the age profile of retirement. In particular, we used the pension wealth and an estimate of the ...

Ce document analyse les facteurs qui déterminent la décision de partir à la retraite, en Allemagne, en utilisant les micro-données tirées de l’Enquête Socio-Economique durant la période 1985-95. Des techniques d’analyse non-paramétrique et semi-paramétrique ont été utilisées pour décrire le processus de départ à la retraite. Les estimations non-paramétriques suggèrent que les incitations produites par les différents éléments du système de sécurité sociale jouent un rôle très important dans la decision individuelle de départ à la retraite.L’analyse semi-paramëtrique est menée en utilisant un modèle à risqué constant “piece-wise” à destinations multiples (pensions d’invalidité et de vieillesse) et des variables explicatives variant dans le temps. Les facteurs socio-démographiques ont un impact important sur la décision de départ à la retraite. De plus une mauvaise santé incite à un départ anticipé à la retraite, surtout dans le cadre d’une pension d’invalidité. Les incitations ...

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Paper provided by OECD Economics Department in its series OECD Economics Department Working Papers with number 204.

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Date of creation: 24 Jun 1998
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Handle: RePEc:oec:ecoaaa:204-en

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1. Barbara Berkel, 2006. "Retirement Age and Preretirement in German Administrative Data," MEA discussion paper series 06107, Mannheim Research Institute for the Economics of Aging (MEA), University of Mannheim. [Downloadable!]
2. repec:ese:iserwp: is not listed on IDEAS
3. Monika Bütler & Olivia Huguenin & Federica Teppa, 2005. "Why Forcing People to Save Retirement May Backfire," Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP) 05.05, Université de Lausanne, Faculté des HEC, DEEP. [Downloadable!]
4. Monika Bütler & Olivia Huguenin & Federica Teppa, 2005. "Why Forcing People to Save for Retirement may Backfire," CESifo Working Paper Series CESifo Working Paper No. , CESifo GmbH. [Downloadable!]
   Other versions:
   • Monika Bütler & Olivia Huguenin & Federica Teppa, 2005. "Why Forcing People to Save for Retirement May Backfire," University of St. Gallen Department of Economics working paper series 2005 2005-09, Department of Economics, University of St. Gallen. [Downloadable!]
5. Barbara Berkel, 2006. "Retirement Age and Preretirement in German Administrative Data," MEA discussion paper series 06107, Mannheim Research Institute for the Economics of Aging (MEA), University of Mannheim. [Downloadable!]
6. Oscar Molina & Fabian Soria, 2006. "Factores Determinantes de la Probabilidad de Afiliación al Sistema de Pensiones en Bolivia," Development Research Working Paper Series 02/2006, Institute for Advanced Development Studies. [Downloadable!]

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