Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/148004
Authors: 
Engels, Barbara
Geyer, Johannes
Haan, Peter
Year of Publication: 
2016
Series/Report no.: 
DIW Discussion Papers 1617
Abstract: 
In this paper we exploit a cohort-specific pension reform to estimate the causal labour market effects of changes in the financial incentives to retire. In particular, we analyze the effects of the introduction of cohort-specific deductions for early retirement on female retirement, employment and unemployment. For the empirical analysis we use high-quality administrative data from the German pension insurance. We present evidence for sizable labour market effects. In addition to direct effects on women older than 60 we find important anticipation effects before reaching the pension eligibility age. Overall we document that the pension reform leads to a postponement of retirement, an increase in employment and a shifting in unemployment over age rather than a substitution into unemployment.
Subjects: 
retirement age
pension reform
labour supply
actuarial deductions
cohort-specific pension reform
labour market effects
JEL: 
J14
J18
J22
J26
H21
Document Type: 
Working Paper

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