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 ...
Pension funds carry implications on citizens wellbeing in their retirement years and countries’ growths, rendering changes to them following natural disasters of great importance. Using administrative data that comprises a 10 percent random sample of the Australian population and a natural experimental design, we investigate the effects of natural disasters on retirement savings in the aftermath...
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 ...
Common ownership - when an investor holds shares in two or more companies - has recently attracted significant attention from policy-makers and researchers, studying mainly US firms. European firms, however, are different as top investors with large stakes, like governments, founding families and foundations are much more prevalent. This paper takes a well-known common ownership with micro-economic ...
This project serves to further develop the open source software GETTSIM. GETTSIM is a simulation model written in the programming language Python, which can depict the German tax and transfer system. The software offers a multitude of applications in research and teaching. It is developed in cooperation with the IZA (Institute of Labor Economics) as well as other German research institutes and...
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 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 ...
To determine how wives’ and husbands’ retirement options affect their spouses’ (and their own) labour supply decisions, we exploit (early) retirement cutoffs by way of a regression discontinuity design. Several German pension reforms since the early 1990s have gradually raised women’s retirement age from 60 to 65, but also increased ages for several early retirement pathways affecting both sexes. We ...