Articlediamond2013

Reversing Early Retirement in Germany A Longitudinal Analysis of the Effects of Recent Pension Reforms on the Timing of the Transition to Retirement and on Pension Incomes

Sandra Buchholz · Annika Rinklake · Hans‐Peter Blossfeld

18 citations0/0 files storedComparative Population Studies

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Retirement, Disability, and Employment Social Policy and Reform Studies Financial Literacy, Pension, Retirement Analysis

Abstract

This article investigates the effects and risks of recent pension reforms in Germany. While German pension policy systematically supported early retirement for many years in order to relieve the regulated labour market in times of economic stagnation, there has been a substantial change of the pension policy paradigm in the more recent past. Latest reforms expect older people to prolong working life. Using data from the German Socio-Economic Panel (GSOEP) and applying micro-level longitudinal research methods, this contribution shows that the recent reversal of early retirement in Germany has been at the price of growing social inequalities in old age.

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References

1995Journal of the American Statistical Association 1998Social Security and Retirement around the World 1992Event History Analysis 2003Labor Market Effects of Population Aging 2000Incentive effects of social security on labor force participation: evidence in Germany and across Europe 2006Globalization, Uncertainty and Late Careers in Society 1993Time for Retirement: Comparative Studies of Early Exit from the Labor Force.2003Social Security Programs and Retirement around the World

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2018‘Fuller’ or ‘extended’ working lives? Critical perspectives on changing transitions from work to retirement 2023The Extension of Late Working Life in Germany: Trends, Inequalities, and the East–West Divide 2016Employment trajectories of German baby boomers and their effect on statutory pension entitlements 2021Active ageing policies and delaying retirement: comparing work-retirement transitions in Austria and Germany 2020Pension and labour market policies and the situation of older workers in Germany

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