The landscape for older workers has changed dramatically in recent decades. Governments
have made cuts to public pension programs, private pensions have shifted from defined …

We combine particular features of the German civil service with the unique event of German
reunification to test the theory of precautionary savings and to quantify the importance of self …

Germany still has a very generous public pay-as-you-go pension system. It is characterized
by early effective retirement ages and very high effective replacement rates. Most workers …

The financing problems beleaguering the public pension system have again shifted the
spotlight onto the retirement age. This paper examines the impact of various reform options …

This paper argues that labor market conditions are an important and often overlooked
determinant of retirement transitions. In our analysis, we examine how the unemployment …

This paper surveys the relation between the labor supply and the health of the elderly,
based on major studies conducted earlier and new literature. Most of the empirical literature …

We investigate the responsiveness of individual retirement decisions to changes in financial
incentives. A reform increased women's normal retirement age (NRA) in two steps from age …

This paper has two parts. Part 1 presents the basic ideas underlying notional defined
contribution (NDC) systems and discusses their main advantages and disadvantages. We …

In the early 1990s the Dutch labour unions and employer organisations agreed to transform
the generous and actuarially unfair early retirement (ER) schemes into less generous and …

Pension reforms in many developed countries make individuals shoulder a bigger share of
longevity and income risks. The desired response is that individuals accumulate private …