2018
DOI: 10.3390/soc8030050
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Retirement Expectations in Germany—Towards Rising Social Inequality?

Abstract: In the last 20 years, German policy makers have reformed the pension system and the labor market with the aim of prolonging working life. As a consequence, older workers' employment rate and average retirement age rose. In addition to the actual behavior of today's retiree cohorts, the reforms also influence the expected retirement age of future pensioners, the development of which will be investigated in this paper, arguing that they have adapted to the reforms and increased their expected retirement age. The… Show more

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Cited by 14 publications
(9 citation statements)
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“…Those with medium education plan to retire earlier than those with low and high education. This u-shaped connection was found earlier with German data for the actual retirement age by Hofäcker et al (2015) and for the expected retirement age by Hess (2018) . “However, while high-skilled workers both want and expect to retire late, low-skilled workers prefer to retire early but expect that they have to work longer in order to ensure a reasonable pension.…”
Section: Resultssupporting
confidence: 79%
See 1 more Smart Citation
“…Those with medium education plan to retire earlier than those with low and high education. This u-shaped connection was found earlier with German data for the actual retirement age by Hofäcker et al (2015) and for the expected retirement age by Hess (2018) . “However, while high-skilled workers both want and expect to retire late, low-skilled workers prefer to retire early but expect that they have to work longer in order to ensure a reasonable pension.…”
Section: Resultssupporting
confidence: 79%
“…It must, however, be mentioned that the reforms aimed at delaying retirement are not the only potential explanation for these developments ( Hess 2018 ). The overall labour market development has been well and the demand for workers has increased—at least in some European countries.…”
Section: Societal Contexts and Research Questionsmentioning
confidence: 99%
“…Also interested in the consequences of labor market conditions, Hess [95] analyzes the effects of changes in retirement policy intended to prolong working life in Germany. He uses data from the German Socio-Economic Panel Study (GSOEP) and the German Aging Survey (DEAS) and finds that these policy changes yield key differences in expectations about retirement by class.…”
Section: Interests Macroeconomics and Positions In The Socioeconomimentioning
confidence: 99%
“…These policies stimulate economic incentives of older workers to continue employment (Berkel & Börsch‐Supan, 2004; Brussig, Knuth, & Mümken, 2016). As a reflection of these trends, recent cohorts of older workers expect to work longer than previous cohorts (Coppola & Wilke, 2014; Hess, 2018). Importantly, these developments are likely to significantly alleviate economic and fiscal effects of population ageing (Maestas & Zissimopoulos, 2010) and, at the same time, contribute to a higher well‐being of older workers and possibly improve their health (Rohwedder & Willis, 2010; Behncke, 2012).…”
Section: Introductionmentioning
confidence: 99%