Financial incentives and the timing of retirement [Elektronische Ressource] : empirical evidence from Switzerland and Germany / vorgelegt von Barbara Hanel

Financial Incentives and the Timing of Retirement Empirical Evidence from Switzerland and Germany Inaugural-Dissertation zur Erlangung der Würde eines Doktors der Wirtschafts- und Sozialwissenschaften (Dr. rer. pol.) der Friedrich-Alexander-Universität Erlangen Nürnberg vorgelegt von Barbara Hanel aus Worms Erstgutachterin: Prof. Regina T. Riphahn, Ph.D. Zweigutachterin: Prof. Dr. Gesine Stephan Disputation: 26. Januar 2010 Contents 1 Introduction .................................................................................................................. 1 1.1 Basic Principles of the Retirement Insurance Systems in Germany and Switzerland .............. 2 1.2 Demographic Change and Labor Market Trends in Germany and Switzerland ..... 6 1.3 Financial Incentives and Retirement Behavior ....................................................... 8 1.4 Organization of this Dissertation .......................................... 10 2 A Reform of Disability Pensions in Germany .......................................................... 14 2.1 Introduction ........................................................................... 14 2.2 Literature Review .................................. 17 2.3 Institutional Background ....................................................... 21 2.4 Hypotheses and Empirical Approach .................................................................... 23 2.5 Data and Descriptive Statistics ..............