Actuarial Adjustments , Retirement Behaviour and Worker Heterogeneity

  title={Actuarial Adjustments , Retirement Behaviour and Worker Heterogeneity},
  author={Matthias Giesecke},
  • Matthias Giesecke
  • Published 2014
The behavioural response with respect to actuarial adjustments in the German public pension system is analysed. The introduction of actuarial adjustments serves as a source of exogenous variation to estimate discrete time transition rates into retirement. The analysis is conducted on administrative data from social security records and on survey data in a comparative scenario. Probability mass points that occur for institutional reasons and due to social norms are controlled for. Moreover… CONTINUE READING