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dc.contributor.authorGeyer, Johannesen_US
dc.contributor.authorSteiner, Viktoren_US
dc.date.accessioned2010-03-25en_US
dc.date.accessioned2010-07-22T09:28:50Z-
dc.date.available2010-07-22T09:28:50Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/36726-
dc.description.abstractWe analyze the impact of changing employment patterns and pension reforms on the future level of public pensions across birth cohorts in Germany. The analysis is based on a rich dataset that combines household survey data from the German Socio-Economic Panel Study (SOEP) and process-produced microdata from the German pension insurance. A microsimulation model is developed which accounts for cohort effects in individual employment and unemployment and earnings over the lifecycle as well as the differential impact of recent pension reforms. Cohort effects for individuals born between 1937 and 1971 vary greatly by region, gender and education and strongly affect lifecycle wage profiles. The largest effects can be observed for younger cohorts in East Germany and for the low educated. Using simulated life cycle employment and income profiles, we project gross future pensions across cohorts taking into account changing demographics and recent pension reforms. Simulations show that pension levels for East German men and women will fall dramatically among younger birth cohorts, not only because of policy reforms but due to higher cumulated unemployment. For West German men, the small reduction of average pension levels among younger birth cohorts is mainly driven by the impact of pension reforms, while future pension levels of West German women are increasing or stable due to rising labor market participation of younger birth cohorts.en_US
dc.language.isoengen_US
dc.publisherDeutsches Institut für Wirtschaftsforschung (DIW) Berlinen_US
dc.relation.ispartofseriesDiscussion papers // German Institute for Economic Research 984en_US
dc.subject.jelH55en_US
dc.subject.jelJ26en_US
dc.subject.jelJ11en_US
dc.subject.ddc330en_US
dc.subject.keywordPublic pensionsen_US
dc.subject.keywordcohort effectsen_US
dc.subject.keywordmicrosimulationen_US
dc.subject.stwGesetzliche Rentenversicherungen_US
dc.subject.stwErwerbsverlaufen_US
dc.subject.stwRentenreformen_US
dc.subject.stwKohortenanalyseen_US
dc.subject.stwMikrosimulationen_US
dc.subject.stwGeschlechten_US
dc.subject.stwDeutschlanden_US
dc.subject.stwNeue Bundesländeren_US
dc.subject.stwAlte Bundesländeren_US
dc.titlePublic pensions, changing employment patterns, and the impact of pension reforms across birth cohorts: A microsimulation analysis for Germanyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn622662961en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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DIW-Diskussionspapiere

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