Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/114138
Authors: 
Berg, Peter B.
Hamman, Mary K.
Piszczek, Matthew
Ruhm, Christopher J.
Year of Publication: 
2015
Series/Report no.: 
IZA Discussion Papers 9266
Abstract: 
In 1996, Germany introduced the Altersteilzeit (ATZ) law, which encouraged longer working lives through partial retirement incentives. Using matched pension system and establishment survey data, we estimate changes in part-time employment and retirement after ATZ. We find the policy induced growth in part-time work for men and extended men's expected duration of employment by 1.8 years. As the policy evolved to include an abrupt retirement option, the worklife gain for men fell to 1.2 years. Among women, part-time employment grew less and employment duration changed little initially but later declined by 0.2 years when abrupt retirement became available.
Subjects: 
partial retirement
Germany
JEL: 
J26
Document Type: 
Working Paper

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