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DIW Roundup 130 / 2019

Do Default Assignments Increase Savings of the Poor? Empirical Evidence

Although households in developing and emerging countries are relatively poor, there is potential to save. For example, one study estimates that up to 8.1% of a poor household’s budget in such countries is spent on so-called temptation goods, like alcohol, tobacco, and festivals (Banerjee and Duflo, 2007). At the same time, many households are aware of the fact that they do not save enough. They name ...

2019| Eva Haaser, Melanie Koch
Cluster-Seminar Öffentliche Finanzen und Lebenslagen

Retirement and informal care provision - Effects of the 1999 pension reform in Germany

Using a reform induced increase in the ERA for German women this paper uncovers causal effects of retirement on informal care provision. Studies so far focus on the causality of labor supply on informal care activity in the middle part of an individual’s working career, mostly neglecting effects of retirement. This paper uses the 1999 reform that abolished the ERA at age 60 for women...

20.02.2019| Björn Fischer
Externe referierte Aufsätze

Labor Supply and Fiscal Effects of Partial Retirement - the Role of Entry Age and the Timing of Pension Benefits

In recent years policy-makers are incentivizing later retirement entry by enabling flexible transitions into retirement through partial retirement. However, empirical evidence shows that the labor supply and related fiscal effects of more flexibility in the pension system, through partial retirement, are ambiguous and strongly depend on the design of partial retirement regimes. Two margins are in particular ...

In: The Journal of the Economics of Ageing 14 (2019), 100187, 15 S. | Peter Haan, Songül Tolan
SOEPpapers 1073 / 2020

Retirement, Intergenerational Time Transfers, and Fertility

Retired parents might invest time into their adult children by providing childcare. Such intergenerational time transfers can have important implications for family decisions. This paper estimates the effects of parental retirement on adult children’s fertility. We use representative panel data from Germany to link observations on parents and adult children. We exploit eligibility ages for early retirement ...

2020| Peter Eibich, Thomas Siedler
SOEPpapers 1051 / 2019

Long-Run Consequences of Informal Elderly Care and Implications of Public Long-Term Care Insurance

In this paper, I estimate a dynamic structural model of labor supply, retirement, and informal care supply, incorporating labor market frictions and the German tax and benefit system. I find that informal elderly care has adverse and persistent effects on labor market outcomes and therefore negatively affects lifetime earnings, future pension benefits, and individuals’ well-being. These consequences of ...

2019| Thorben Korfhage
Monographien

The Effect of Increasing the Early Retirement Age on Savings Behavior before Retirement

Facing a reduction in pension generosity, individuals can compensate the loss by working longer or saving more. This paper shows that the impact of changes in pension generosity on saving crucially depends on the possibility of prolonging future employment. Exploiting across cohort variation in expected pension wealth induced by a 3-year lift in early retirement age for women born after 1951 in Germany, ...

Bonn: IZA, 2019, 40 S. : Anh.
(Discussion Paper Series / Forschungsinstitut zur Zukunft der Arbeit ; 12744)
| Stefan Etgeton, Björn Fischer, Han Ye
Cluster-Seminar Öffentliche Finanzen und Lebenslagen

The Effect of Retirement on Health - Evidence from Administrative Data

We combine unique data that include all practitioner health diagnoses based on the International Classification of Diseases (ICD-10) collected from all publicly insured individuals in Germany with a sizable cohort specific pension reform to study the causal effect of an increase in the retirement age on health. For the analysis, we use a cohort specific regression discontinuity design. The...

16.06.2020| Mara Barschkett
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 (2020), im Ersch. [online first: 2019-04-10] | Johannes Geyer, Clara Welteke
Cluster-Seminar Öffentliche Finanzen und Lebenslagen

Average Wage Gaps and Expected Wage Cuts - An Investigation of Selection Neglect Bias in Income Expectations

Economists spend much of their lives talking about and correcting for sample selection. Recent evidence from behavioral economics documents that participants in lab experiments don't account for selection effects when they interpret conditional distributions. This "selection neglect" can distort expectations in settings where individuals learn from comparisons with other people who differ in...

13.11.2019| Annekatrin Schrenker
Cluster-Seminar Öffentliche Finanzen und Lebenslagen

A question of gender: How promotions affect earnings

Occupational positions can explain an important part of the differences in pay between men and women. However, a considerable Gender Pay Gap exists even within the same occupational position. In this paper, we aim at understanding the reason for the gap within occupational positions and, therefore, investigate whether promotions lead to the same effect on earnings growth for men and women....

27.11.2019| Aline Zucco
239 results, from 11