This dissertation consists of five independent chapters contributing to the field of applied economics. The first three chapters analyze workers' perceptions of the wage penalty associated with working part-time, further evaluating the labor supply implications of biased beliefs. Chapter 4 quantifies the effects of raising the normal retirement age on the career trajectories of middle-aged workers ...
This paper examines how households adjust their savings and consumption expenditure in response to an anticipated increase in the early retirement age (ERA). We examine the 1999 pension reform in Germany, which increased the ERA for women born after 1951 by at least three years. First, we present suggestive evidence that women update their retirement planning in response to the reform. Using the German ...
This article shows how late-life incomes from work and pensions evolved in the United Kingdom between 1991 and 2007, the year the Great Recession began. Our main contribution comes from focusing on changes across cohorts in different educational groups while also considering the gender divide. Our statistical analyses based on the British Household Panel Survey (BHPS) suggest that deindustrialisation, ...
The German Federal Government has expanded subsidies for employees with low gross wages (midijob employees) as of January 1, 2023, and raised the upper earnings limit to 2,000 euros. As a result, around 6.2 million midijob employees will benefit from paying reduced social security contributions while still receiving their full pension entitlements, made possible by a redistribution within the social ...
Die Bundesregierung hat die Förderung von Beschäftigung mit niedrigen Bruttoarbeitsentgelten (Midijobs) zum 1. Januar 2023 ausgeweitet und die Verdienstobergrenze auf 2 000 Euro brutto monatlich angehoben. Rund 6,2 Millionen Menschen mit einem Midijob profitieren von reduzierten Sozialbeiträgen. Zudem erhalten sie die vollen Rentenansprüche, obwohl sie verminderte Rentenbeiträge zahlen. Möglich wird ...
