Topic Retirement and Pension Provision

250 results, from 1
Cluster-Seminar Öffentliche Finanzen und Lebenslagen

Responses to unexpected and permanent changes in pension income

For the design of pension reform it is crucial to disentangle the employment effects related to the substitution and the income effect. In this paper we provide causal evidence about the importance of the income effect which in general has been assumed to be small or non-existent. We exploit a pension reform in Germany that raised pension benefits related to children. For...

03.02.2021| Sebastian Becker
Externe referierte Aufsätze

Closing Routes to Retirement for Women: How Do They Respond?

We study the employment effects of a large increase in the early retirement age (ERA) of women. Raising the ERA has the potential to extend contribution periods and to reduce the number of pensioners at the same time. However, workers may not be able to work longer or may choose other social support programs as exit routes from employment. Results suggest that the reform increases employment, unemployment ...

In: Journal of Human Resources 56 (2021), 1, S. 311-341 | Johannes Geyer, Clara Welteke
Externe referierte Aufsätze

Gendered Employment Trajectories and Individual Wealth at Older Ages in Eastern and Western Germany

This study examines the association between employment trajectories and retired men’s and women’s individual wealth at older ages in the two distinct welfare state contexts of Eastern and Western Germany. Because of the increasing re-marketization of retirement provisions, wealth is becoming increasingly important for retirees’ economic well-being. Using data from the German Socio-Economic Panel Study ...

In: Advances in Life Course Research (2021), im Ersch. [online first: 2020-09-19] | Theresa Nutz, Philipp A. Lersch
Diskussionspapiere 1941 / 2021

Employment Responses to Income Effect: Evidence from Pension Reform

For the design of the pension system, it is crucial to disentangle the employment responses related to the substitution effect and the income effect. In this paper, we provide causal evidence regarding the importance of the income effect, which is generally assumed to be small or non-existent. We exploit a pension reform in Germany that raised pension bene- fits related to children. For the identification, ...

2021| Sebastian Becker, Hermann Buslei, Johannes Geyer, Peter Haan
Externe referierte Aufsätze

Equilibrium Effects of Tax Exemptions for Low Pay

Across the world, tax exemptions for jobs with low earnings intend to incite non-participating workers to rejoin the labor market. However, such tax exemptions may also have negative equilibrium effects. The German minijob tax exemption offers a convenient case to identify equilibrium effects as it applies to some but not to other low-wage jobs. We build and estimate a structural job search model with ...

In: Labour Economics 69 (2021), 101976 , 15 S. | Luke Haywood, Michael Neumann
Externe referierte Aufsätze

Early Retirement as a Privilege for the Rich? A Comparative Analysis of Germany and Switzerland

This contribution analyses early retirement in Germany and Switzerland with a focus on financial resources. Using data from CH-SILC linked to administrative records and the German SOEP, we distinguish three different financial resources: namely, pre-retirement labour income, net worth and pension entitlements. High labour income reduces the probability for early retirement. In contrast, high pension ...

In: Advances in Life Course Research 47 (2021), 100392, 10 S. | Ursina Kuhn, Markus M. Grabka, Christian Suter
Diskussionspapiere 1937 / 2021

Crowding of International Mutual Funds

We construct a fund-specific measure of crowding using the equity holdings overlap of 17,364 global funds which are actively managed. Funds in the top decile of crowding underperform the passive benchmark by 1.4% per year. The poor performance cannot be attributed to fees and transaction costs alone. When we explore the economics behind crowding, we establish that the diseconomies of crowding are distinct ...

2021| Tanja Artiga Gonzalez, Teodor Dyakov, Justus Inhoffen, Evert Wipplinger
Cluster-Seminar Öffentliche Finanzen und Lebenslagen

Early retirement of employees in demanding jobs: evidence from a German pension reform

Workers in demanding jobs may be particularly negatively affected by an increasing statutory retirement age. We exploit a pension reform that raised the early retirement age of women from 60 to 63 years in Germany. Based on a large administrative social security data set we exploit the quasi-natural experiment using a regression-discontinuity approach. We find the same relative employment...

18.11.2020| Johannes Geyer
Cluster-Seminar Öffentliche Finanzen und Lebenslagen

The Effect of Air Quality Alerts on School Absenteeism - Evidence from New York City

This study examines the relationship between air quality alerts and school absenteeism in New York City. Examining the effects of the alerts in school attendance is relevant because it helps us understand parents' avoidance behavior in situations of exacerbated exposure to air contaminants. Causality arises by exploiting the deterministic nature of the alerts with regression discontinuity...

22.10.2020| Luis Sarmiento
Research Project

Life-course Income Dynamics (LINDY)

Concerns about inequality and questions of social justice and cohesion have re-entered the public arena and animate debate, provoked by the recent rapid increases in cross-sectional inequality. While much has been learnt from the literature on inequality, Deaton (2015) has outlined in his Nobel lecture several imperatives that are key to understanding inequalities and formulating welfare-enhancing...

Current Project| German Socio-Economic Panel study
250 results, from 1