retirement age

Publication date: 3 Aug 2016 | Publication type: National Institute Economic Review | Theme: Macroeconomics | External authors: Vogt, V, Althammer, J | JEL classification: H55, J10 | Journal: National Institute Economic Review Issue 237 | Publisher: Sage Publications, London
In times of decreasing mortality, one way to stabilise a PAYG pension system is to interrelate the retirement age to the anticipated average lifespan. This paper investigates two approaches for Germany: one is to keep the average retirement duration constant, the other to define a constant share of...