As Western populations age, more adult children face parental health challenges. Caregiving responsibilities towards parents are becoming crucial concerns for families, healthcare systems, and societies. While this care is essential for elderly well-being, it also demands significant time, energy and emotional resources. Yet, the impact of care provision on caregivers’ lives remains understudied....
Health investments are vital for maintaining physical and mental well-being throughout working life, and their importance is amplified with rising retirement ages due to demographic aging. This is the first study to examine if a longer working life causally increases institutionalized health investments. We explore the impact of a German pension reform that raised the retirement age by three years...
Labor shortages and skills mismatches pose significant challenges for Germany and other advanced economies, which are further exacerbated by the retirement of the baby boomer generation, the digital transformation and the ecological transformation of the economy. These developments are fundamentally changing labor demand, task structures and skill requirements, leading to a growing mismatch...
Work-limiting disabilities pose a significant risk to the earnings potential and welfare of older workers. While coverage of public disability insurance (DI) systems is almost universal, the risk of becoming dependent on DI varies across occupations. In this paper, I study the value of public DI across different occupations using data from administrative social security records in Germany. I...
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Individuals vary considerably in how much they earn during their lifetimes. This study examines the role of the tax‐and‐transfer system in mitigating such inequalities, which could otherwise lead to disparities in living standards. Utilizing a life‐cycle model, we determine that the tax‐and‐transfer system offsets 45% of lifetime earnings inequality attributed to differences in productive abilities ...
This paper estimates the impact of financial incentives on retirement decision in France for cohorts of men retiring between 1994 to 2012. During these two decades, a number of pension reforms took place, all aiming to achieve financial balance in the context of increasing life expectancy. These reforms strengthened incentives to retire later, either by ofoffering increased pension benefit for later ...
