Work

Can Policy Facilitate Partial Retirement? Evidence from Germany

Year: 2015

Type: report

Abstract: 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.

Source: National Bureau of Economic Research

DOI: 10.3386/w21478

Authors: Peter Berg, Mary Hamman, Matthew Piszczek, Christopher Ruhm

Institutions: National Bureau of Economic Research, University of Wisconsin–La Crosse, University of Virginia, University of Wisconsin–Oshkosh, Michigan State University

Language: English

Topic: Retirement, Disability, and Employment

Subfield: Demography

Field: Social Sciences

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: green

OpenAlex ID: W2148626980

Cites: 26

Cited by: 11

Related to: 10