Determinants of retirement in Germany Dr. Erika Schulz.

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Presentation transcript:

Determinants of retirement in Germany Dr. Erika Schulz

Erika Schulz Tasks of WP 3 –To show how health factors affect labour supply and early retirement –Calculation of net replacement rates valuation of household work separate calculations for unhealthy with altered labour supply and household work

Erika Schulz Requested data –Wage of a reference worker in households –pension level and earnings for a average production worker –average retirement age

Erika Schulz Hourly rates for household workers

Erika Schulz Hourly rates for household workers

Erika Schulz Hourly rates for household workers

Erika Schulz

Erika Schulz

Erika Schulz

Erika Schulz Kind of pensions in Germany –Old-age pensions (Since 1889) Regular old age pensions (65 years) Old-age pensions for long-standing insured (since 1972; since >65) Old-age pensions for severly disabled persons, with vocational invalidity or general invalidity (since 1972; new 60->63 years) Old-age pensions on account of unemployment or following old- age part-time work (since 1929; new 60->65 years, limited to persons born before 1952) Old-age pensions for women (since 1957; new 60->65, limited to persons born before 1952) –Pensions on account of decreased earning capacity Vocational/general invalidity (since 1889) New system (since 2000) –Pensions on account of death

Erika Schulz

Erika Schulz

Erika Schulz

Erika Schulz