Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/73438 
Autor:innen: 
Erscheinungsjahr: 
2011
Schriftenreihe/Nr.: 
BGPE Discussion Paper No. 106
Verlag: 
Friedrich-Alexander-Universität Erlangen-Nürnberg, Bavarian Graduate Program in Economics (BGPE), Nürnberg
Zusammenfassung: 
Many European countries are currently transferring their pay-as-you-go public pension system to a three-pillar-system of public, occupational, and private pensions. In Germany, economists expect a pension gap for future retiree cohorts as public pensions will decrease and private old age provision is low. In this paper we ask, whether this pension gap might lead to the rise of a fourth pillar of retirement income: labor earnings. Using data from the German Socio-economic Panel, we find that retirees with low nonlabor income are more likely to work after normal retirement age. The negative relationship between nonlabor income and the participation probability is robust across educational and employment groups and particularly strong for retirees with low income. We conclude that labor market earnings constitute a pillar of retirement income already today.
Schlagwörter: 
old age labor supply
work after normal retirement age
fourth pillar of retirement income
JEL: 
J22
J26
Dokumentart: 
Working Paper

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