Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/92447
Authors: 
Siddiqui, Sikandar
Year of Publication: 
1995
Series/Report no.: 
Discussion Paper, Center for International Labor Economics (CILE), University of Konstanz 28
Abstract: 
In this paper, the impact of the West German pension system on the retirement decisions of elderly citizens is analyzed within the framework of a discrete-time hazard rate model deduced from a micro-economic decision rule. The model is estimated using a balanced panel of elderly West German citizens. In order to improve the precision of the estimates obtained, the data from the sample are combined with aggregate-level information on the labour force participation behaviour of the elderly. Policy-related simulation experiments based on the estimates reveal that the probability of early retirement can be reduced significantly by appropriate changes in the pension system.
JEL: 
C32
C41
J26
Document Type: 
Working Paper

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