Topic Retirement and Pension Provision

Higher retirement age has negative health effects

The Long Reach of Class Origin on Financial Investments and Net Worth

In this study, we argue that parents' class position may influence the type and timing of their offspring's investments in financial assets. These investments may facilitate net worth accumulation beyond direct transfers, contributing to the intergenerational reproduction of social positions. We test these expectations using retrospective life history and prospective panel data for 14 countries from ...

Ignorance, Intention and Stochastic Outcomes

In sequential interactions, both the agent’s intention and the outcome of his choice may influence the principal’s action. While outcomes are typically observable, intentions are more likely to be hidden, leaving potential wiggle room for the principal when deciding on a reciprocating action. We employ a controlled experiment to investigate how intentions and outcome affect the principal’s actions ...

SOEP-RV: Linking German Socio-Economic Panel Data to Pension Records

The aim of the project SOEP-RV is to link data from participants in the German Socio-Economic Panel (SOEP) survey to their individual Deutsche Rentenversicherung (German Pension Insurance) records. For all SOEP respondents who give explicit consent to record linkage, SOEP-RV creates a linked dataset that combines the comprehensive multi-topic SOEP data with detailed cross-sectional and longitudinal ...

Role of Labor Demand in the Labor Market Effects of a Pension Reform

This paper shows that labor demand plays an important role in the labor market reactions to a pension reform in Germany. Employers with a high share of older worker inflow compared with their younger worker inflow, employers in sectors with few investments in research and development, and employers in sectors with a high share of collective bargaining agreements allow their employees to stay employed ...

Essays in Pension and Long-Term Care Policy

This dissertation studies the relationship of informal elder care and the pension system. The thesis consists of four chapters that apply several micro-econometric methods to survey data sets. The first three chapters use quasi-experimental settings to access important margins in the relationship between informal care giving and retirement and labor market behavior. The fourth chapter builds and estimates ...

The Effects of an Increase in the Retirement Age on Health: Evidence from Administrative Data

This study analyzes the causal effect of an increase in the retirement age on official health diagnoses. We exploit a sizable cohort-specific pension reform for women using a Difference-in-Differences approach. The analysis is based on official records covering all individuals insured by the public health system in Germany and including all certified diagnoses by practitioners. This enables us to gain ...

Early Retirement of Employees in Demanding Jobs: Evidence from a German Pension Reform

Early retirement options are usually targeted at employees at risk of not reaching their regular retirement age inemployment. An important at-risk group comprises older employees who have worked in demanding jobs formany years. This group may be particularly negatively affected by the abolition of early retirement options. Tomeasure differences in labor market reactions of employees in low- and high-demand ...

The Effects of an Increase in the Retirement Age on Health Care Costs: Evidence from Administrative Data

In this paper, we use unique health record data that cover outpatient care and the associated costs to quantify the health care costs of a sizable increase in the retirement age in Germany. For the identification, we exploit a sizable cohort-specific pension reform which abolished an early retirement program for all women born after 1951. Our results show that health care costs significantly increase ...

A Higher Retirement Age Has Negative Health Effects

In the policy debate, there are regular demands to further increase the retirement age to address the financial challenges for the pension system. However, a prolonged working life impacts a person’s health. Detailed data from the statutory health insurance companies shows that abolishing the “Rente für Frauen” (women’s pension) in 1999, which allowed women to retire at 60, resulted in negative health ...