Arbeitspapier
Health, financial incentives, and early retirement: Micro-simulation evidence for Germany
About 20% of German workers retire on disability pensions. Disability pensions provide fairly generous benefits for those who are not already age-eligible for an old-age pension and who are deemed unable to work for health reasons. In this paper, we use two sets of individual survey data to study the role of health and financial incentives in early retirement decisions in Germany, in particular disability benefit uptake. We show that financial incentives to retire do affect sick individuals at least as much as healthy individuals. Based on 25 years of individual survey data and empirical models of retirement behavior, we then simulate changes in the generosity of disability pensions to understand how these changes would affect retirement behavior. Our results show that making the disability benefit award process more stringent without closing other early retirement routes would not greatly increase labor force participation in old age.
- Sprache
-
Englisch
- Erschienen in
-
Series: Schumpeter Discussion Papers ; No. 2014-003
- Klassifikation
-
Wirtschaft
Social Security and Public Pensions
Economics of the Elderly; Economics of the Handicapped; Non-labor Market Discrimination
Retirement; Retirement Policies
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Jürges, Hendrik
Thiel, Lars
Bucher-Koenen, Tabea
Rausch, Johannes
Schuth, Morten
Börsch-Supan, Axel
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Wuppertal, Schumpeter School of Business and Economics
- (wo)
-
Wuppertal
- (wann)
-
2014
- Handle
- URN
-
urn:nbn:de:hbz:468-20140206-112013-6
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Jürges, Hendrik
- Thiel, Lars
- Bucher-Koenen, Tabea
- Rausch, Johannes
- Schuth, Morten
- Börsch-Supan, Axel
- University of Wuppertal, Schumpeter School of Business and Economics
Entstanden
- 2014