Closing Routes to Retirement: How Do People Respond?

Geyer, Johannes; Welteke, Clara

doi:10.2139/ssrn.2949117

Cited by 10 publications

(25 citation statements)

References 16 publications

(23 reference statements)

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Section: Discussionmentioning

confidence: 99%

“…Finally, it would be interesting to examine whether there are differences among employer types for later pension reforms that increased the ERA, such as the German 1999 pension reform that increased the ERA for women by 3 years. The reform led on average to a substantial employment increase of older women, compare Geyer and Welteke (2021). Notes: High coverage has a value of 1 for employers in the three economic sectors with the highest coverage of collective bargaining agreements in 2014; low coverage has a value of 1 for employers in the three economic sectors with the lowest collective agreement coverage in 2014.…”

Section: T a B L E 6 (Continued)mentioning

confidence: 99%

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Role of labor demand in the labor market effects of a pension reform

Geyer

Haan

Lorenz

et al. 2021

Industrial Relations

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This paper shows that labor demand plays an important role in the labor market reactions to a pension reform in Germany. Employers with a high share of older worker inflow compared with their younger worker inflow, employers in sectors with few investments in research and development, and employers in sectors with a high share of collective bargaining agreements allow their employees to stay employed longer after the reform. These employers offer their older employees partial retirement instead of forcing them into unemployment before early retirement because the older employees incur low substitution costs and high dismissal costs.

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Section: Discussionmentioning

confidence: 99%

Section: T a B L E 6 (Continued)mentioning

confidence: 99%

Role of labor demand in the labor market effects of a pension reform

Geyer

Haan

Lorenz

et al. 2021

Industrial Relations

Self Cite

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“…A reform enacted in 1999 harmonised the regulation for women and men. Although this policy reform made it more difficult for spouses to retire around the same time, it resulted in women retiring later, and thus in women having higher pension entitlements (Engels et al, 2008;Geyer and Welteke, 2021). The inclusion by default of marginal employment in the public pension scheme starting in 2013 also affected women's pension entitlements.…”

Section: Institutional Contextmentioning

confidence: 99%

The gender pension gap in Germany: is divorce a gender-equaliser?

2022

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Germany is one of the few countries in Europe that has implemented a system of ‘divorce splitting’. Under this system, the pension credits that spouses have accumulated during their marriage are combined and then split equally between them upon divorce. This study examines how divorce affects public pension entitlements in Germany, and how these patterns are influenced by the system of divorce splitting. The data for our analysis comes from SHARE-RV, a direct linkage of the Survey of Health, Ageing and Retirement in Europe (SHARE) with administrative data of the research data centre of the German Pension Insurance Fund (Deutsche Rentenversicherung Bund). The data include information on the beneficiaries’ monthly earnings and employment biographies, as well as on their pension entitlements and the credits they received through divorce splitting. The results of the analysis, which was restricted to West German men and women born between 1935 and 1954, reveal that there are large gender gaps in public pension benefit levels. However, the investigation also shows that single and divorced West German women have larger personal pension entitlements than their married or widowed counterparts. Furthermore, the public pension entitlements of divorced men and women in West Germany are very similar. This can be attributed partially to the divorce-splitting system, which tends to increase the pension benefits of divorced women, while reducing the pension benefits of their male counterparts.

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“…The abolition of the pension for women raised the ERA for eligible women without severe disability by 3 years to 63 years. Geyer and Welteke (2021) showed that the reform on average led to a strong increase in employment. However, they did not analyze occupational or job demand heterogeneity and their data did not allow to differentiate between employment, marginal employment, and partial retirement.…”

Section: Expected Reform Effectsmentioning

confidence: 99%

“…We contribute to the large and growing literature on the labor market effects of pension reforms that increase the ERA of the affected employee groups (Ardito and d'Errico, 2018;Atalay and Barrett, 2015;Cribb and Emmerson, 2018;Geyer and Welteke, 2021;Geyer et al, 2020;Manoli and Weber, 2016;Oguzoglu et al, 2020;Staubli and Zweimüller, 2013). These studies exploit the quasi-experimental design of reforms, which allows causal effects to be identified using evaluation methods.…”

Section: Introductionmentioning

confidence: 99%