Pension Reform in Germany: The Impact on Retirement Decisions

Börsch-Supan, Axel () and Barbara Berkel

No 4062, MEA discussion paper series from Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy

Abstract: The paper examines the long-term implications of various reform options on retirement entry decisions and the actual retirement age of older workers. It focuses on the changes in pension legislation since 1992 and the reform options discussed by the German Social Security Reform Commission installed in 2002 (“Rürup Commission†). Our simulations show that the early-retirement adjustment factors introduced by the 1992 pension reform will raise the average effective retirement age for men by almost two years. The two-year increase in all relevant age limits proposed by the “Rürup Commission†would raise retirement age of men by another eight months.

JEL-codes: D1 H55 J26 (search for similar items in EconPapers)
Date: 2004-11-11
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Citations: View citations in EconPapers (64)

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Journal Article: Pension Reform in Germany: The Impact on Retirement Decisions (2004)
Working Paper: Pension reform in Germany: the impact on retirement decisions (2004)
Working Paper: Pension Reform in Germany: The Impact on Retirement Decisions (2003)
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