CAN POLICY FACILITATE PARTIAL RETIREMENT? EVIDENCE FROM A NATURAL EXPERIMENT IN GERMANY
In 1996, Germany introduced the Altersteilzeit (ATZ) policy, which provided incentives for partial retirement. Using linked establishment survey and administrative employment data, the authors estimate changes in part-time employment rates and retirement after ATZ. Among men, part-time work increase...
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| Veröffentlicht in: | Industrial & labor relations review 2020-10, Vol.73 (5), p.1226-1251 |
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| creator | BERG, PETER HAMMAN, MARY K. PISZCZEK, MATTHEW RUHM, CHRISTOPHER J. |
| description | In 1996, Germany introduced the Altersteilzeit (ATZ) policy, which provided incentives for partial retirement. Using linked establishment survey and administrative employment data, the authors estimate changes in part-time employment rates and retirement after ATZ. Among men, part-time work increased and retirements were postponed by at least 0.6 years without any displacement of full-time work. For women, the increases in working lives appeared to be even larger. These estimates are based on a nationally representative sample of firms. When analysis is restricted to a subset of firms with collective agreements covering partial retirement, and when the staggered timing of those agreements is used to identify estimates, the authors find extensions of working life of more than 1 year. Overall, these findings suggest that policies encouraging partial retirement may have potential for increasing the duration of working life. |
| doi_str_mv | 10.1177/0019793920907320 |
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| ispartof | Industrial & labor relations review, 2020-10, Vol.73 (5), p.1226-1251 |
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| source | Access via SAGE; HeinOnline Law Journal Library; Sociological Abstracts; EBSCOhost Business Source Complete; JSTOR Archive Collection A-Z Listing |
| subjects | Collective agreements Employment Labor market Men Methods Part time employment Retirement Social aspects Working women |
| title | CAN POLICY FACILITATE PARTIAL RETIREMENT? EVIDENCE FROM A NATURAL EXPERIMENT IN GERMANY |
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