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Can Policy Facilitate Partial Retirement? Evidence from Germany / Peter Berg, Mary K. Hamman, Matthew Piszczek, Christopher J. Ruhm.
- Format:
- Book
- Author/Creator:
- Berg, Peter.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w21478.
- NBER working paper series no. w21478
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2015.
- Summary:
- 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.
- Notes:
- Print version record
- August 2015.
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