The pension incentive to retire: Empirical evidence for West Germany

Sikandar Siddiqui

Journal of Population Economics, 1997, vol. 10, issue 4, 463-486

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 panel dataset 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 simulations based on the estimates reveal that the probability of early retirement can be reduced significantly by appropriate changes in the pension system. JEL classification: C32, C41, J26

Keywords: Retirement; ·; pensions; ·; hazard; rates (search for similar items in EconPapers)
JEL-codes: C32 C41 J26 (search for similar items in EconPapers)
Date: 1997-10-07
Note: Received September 6, 1995 / Accepted: August 28, 1996
References: Add references at CitEc
Citations: View citations in EconPapers (50)

Downloads: (external link)
http://link.springer.de/link/service/journals/00148/papers/7010004/70100463.pdf (application/pdf)
http://link.springer.de/link/service/journals/0014 ... 10004/70100463.ps.gz (application/postscript)
Access to the full text of the articles in this series is restricted

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:jopoec:v:10:y:1997:i:4:p:463-486

Ordering information: This journal article can be ordered from
http://www.springer. ... tion/journal/148/PS2

Access Statistics for this article

Journal of Population Economics is currently edited by K.F. Zimmermann

More articles in Journal of Population Economics from Springer, European Society for Population Economics Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().