Pension Reform in Germany: The Impact on Retirement Decisions
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 (â€œRÃ¼rup Commissionâ€ ). 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 â€œRÃ¼rup Commissionâ€ would raise retirement age of men by another eight months.
|Date of creation:||11 Nov 2004|
|Contact details of provider:|| Postal: Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy, Amalienstraße 33, 80799 München, Germany|
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NBER Chapters,in: Topics in the Economics of Aging, pages 21-60
National Bureau of Economic Research, Inc.
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- Simone Kohnz & Reinhold Schnabel, 2002. "Micro Modeling of Retirement Decisions in Germany," MEA discussion paper series 02020, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
- repec:crr:crrwps:2003-04 is not listed on IDEAS
- Palmer, Edward, 2000. "The Swedish pension reform model : framework and issues," Social Protection and Labor Policy and Technical Notes 23086, The World Bank.
- Jonathan Gruber & David A. Wise, 1999. "Social Security and Retirement around the World," NBER Books, National Bureau of Economic Research, Inc, number grub99-1, June. Full references (including those not matched with items on IDEAS)
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