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Early retirement: the incentives in current pension reform proposals

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  • Robert Fenge

Abstract

A comparison of the pension reform proposed by the Federal Minister of Labour Walter Riester in Summer 2000 with the reform that will take effect in 2002 in terms of its impact on early retirement shows that the reform will make early retirement more attractive in the long run than the proposal of 2000. The comparison especially shows that neither of the reform plans contains a major step in the direction of reducing incentives for early retirement. Such a reform would have to start with that part of the pension formula referred to as the pension access factor.

Suggested Citation

  • Robert Fenge, 2001. "Early retirement: the incentives in current pension reform proposals," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 54(23), pages 17-22, December.
    • Handle: RePEc:ces:ifosdt:v:54:y:2001:i:23:p:17-22
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    References listed on IDEAS

    as
    1. Axel Borsch-Supan & Reinhold Schnabel, 1999. "Social Security and Retirement in Germany," NBER Chapters, in: Social Security and Retirement around the World, pages 135-180, National Bureau of Economic Research, Inc.
    2. Jonathan Gruber & David A. Wise, 1999. "Social Security and Retirement around the World," NBER Books, National Bureau of Economic Research, Inc, number grub99-1, May.
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    Cited by:

    1. Martin Werding, 2007. "Actuarially accurate benefit reductions for early retirement," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 60(16), pages 19-32, August.

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    More about this item

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

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