Can Policy Facilitate Partial Retirement? Evidence from Germany
NBER Working Paper No. 21478
Issued in August 2015
NBER Program(s):Aging, Labor Studies, Public Economics
In 1996, Germany introduced the Altersteilzeit (ATZ) law, which encouraged longer working lives through partial retirement incentives. Using matched pension system and establishment survey data, we estimate changes in part-time employment and retirement after ATZ. We find the policy induced growth in part-time work for men and extended men's expected duration of employment by 1.8 years. As the policy evolved to include an abrupt retirement option, the worklife gain for men fell to 1.2 years. Among women, part-time employment grew less and employment duration changed little initially but later declined by 0.2 years when abrupt retirement became available.
The NBER Bulletin on Aging and Health provides summaries of publications like this.
You can sign up to receive the NBER Bulletin on Aging and Health by email.
Machine-readable bibliographic record -
Document Object Identifier (DOI): 10.3386/w21478
Users who downloaded this paper also downloaded* these:
||w21473 The Growing Importance of Social Skills in the Labor Market
|Cooper, McClelland, Pearce, Prisinzano, Sullivan, Yagan, Zidar, and Zwick
||w21651 Business in the United States: Who Owns it and How Much Tax Do They Pay?
|Schwartz, Leos-Urbel, and Wiswall
||w21470 Making Summer Matter: The Impact of Youth Employment on Academic Performance
|Ayyagari and Frisvold
||w21484 The Impact of Social Security Income on Cognitive Function at Older Ages
|Schwerdt, West, and Winters
||w21509 The Effects of Test-based Retention on Student Outcomes over Time: Regression Discontinuity Evidence from Florida