Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/29398 
Year of Publication: 
1995
Series/Report no.: 
ZEW Discussion Papers No. 95-10
Publisher: 
Zentrum für Europäische Wirtschaftsforschung (ZEW), Mannheim
Abstract: 
This paper analyses annual, age-specific retirement rates in Germany between 1971 and 1991. The time-series data show significant changes in overall and age-specific retirement behavior over the 21 year period. The literature provides two alternative explanations for the observed developments: One theory posits that employees took advantage of increasingly lenient eligibility conditions to leave the labor force and to seek early retirement (pull factors/supply side). The opposing position asserts that high unemployment caused early retirement (push factors/demand side). This study finds that institutional eligibility rules are strongly correlated with annual, age-specific retirement rates. In contrast, aggregate unemployment cannot explain the fluctuations in retirement rates over time.
Document Type: 
Working Paper
Document Version: 
Digitized Version

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