Bridge Unemployment in Germany: Response in Labour Supply to an Increased Early Retirement Age

Arbeitspapier

This study examines an increase in the early retirement age from 60 to 63 for the group of older unemployed men in Germany. As consequence of this policy reform, the time to retirement is increased from the perspective of recently unemployed individuals and therefore serves as a source of exogenous variation. We estimate continuous time hazard models for individuals at risk of leaving the state unemployment into employment or into early retirement due to exceptional rules. We find a positive impact of an increase in the early retirement age on the reemployment probability whereas the probability to retire early due to exceptional rules is not affected.

Object Details

• ISBN: 978-3-86788-465-5
• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Ruhr Economic Papers ; No. 410

Classification and Topics

• Classification: Wirtschaft ; Economics of the Elderly; Economics of the Handicapped; Non-labor Market Discrimination ; Retirement; Retirement Policies ; Unemployment: Models, Duration, Incidence, and Job Search
• Subject: labour supply ; retirement behaviour ; old age unemployment ; duration analysis

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Giesecke, Matthias ; Kind, Michael
• Event: Veröffentlichung
• (who): Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI)
• (where): Essen
• (when): 2013

Further information

• DOI: doi:10.4419/86788465
• Handle: http://hdl.handle.net/10419/71084
• Last update: 10.03.2025, 11:43 AM CET