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dc.contributor.authorGeyer, Johannesen
dc.contributor.authorSteiner, Viktoren
dc.date.accessioned2010-03-25-
dc.date.accessioned2010-07-22T09:28:50Z-
dc.date.available2010-07-22T09:28:50Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aDeutsches Institut für Wirtschaftsforschung (DIW) |cBerlinen
dc.relation.ispartofseries|aDIW Discussion Papers |x984en
dc.subject.jelH55en
dc.subject.jelJ26en
dc.subject.jelJ11en
dc.subject.ddc330en
dc.subject.keywordPublic pensionsen
dc.subject.keywordcohort effectsen
dc.subject.keywordmicrosimulationen
dc.subject.stwGesetzliche Rentenversicherungen
dc.subject.stwErwerbsverlaufen
dc.subject.stwRentenreformen
dc.subject.stwKohortenanalyseen
dc.subject.stwMikrosimulationen
dc.subject.stwGeschlechten
dc.subject.stwDeutschlanden
dc.subject.stwNeue Bundesländeren
dc.subject.stwAlte Bundesländeren
dc.titlePublic pensions, changing employment patterns, and the impact of pension reforms across birth cohorts: A microsimulation analysis for Germany-
dc.type|aWorking Paperen
dc.identifier.ppn622662961en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:diw:diwwpp:dp984en

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