Pension Reform in Germany: The Impact on Retirement Decisions

Barbara Berkel and Axel Börsch-Supan

FinanzArchiv: Public Finance Analysis, 2004, vol. 60, issue 3, 393-421

Abstract: The paper examines the long-term implications of various reform options for 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 2 years. The 2-year increase in all relevant age limits proposed by the Rürup Commission would raise the retirement age of men by another 8 months.

Keywords: retirement decisions; social security reform; retirement age; adjustment factors (search for similar items in EconPapers)
JEL-codes: D1 H55 J26 (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (65)

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Related works:
Working Paper: 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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