Determinants of Intended Retirement Timing in Germany

Abstract Recent studies indicate that pension reforms in Germany might have caused social inequality in the transition from work to retirement. This paper investigates a potential emergence of social inequality in retirement transitions by focusing on future pensioners. An analysis of the data set BIBB / BAuA Employment Survey of the Working Population on Qualification and Working Conditions in Germany 2012 shows that both low- and high-educated older workers plan to retire later than their medium-educated peers, whereas their reasons differ markedly. While the higher educated tend to favour a later exit from the workforce due to a strong identification with their job, the primary reason for the low-educated to postpone retirement is financial pressure. Determinanten des geplanten Renteneintritts in Deutschland Die vorliegende Studie untersucht soziale Ungleichheiten beim Rentenubergang mit einem Fokus auf das geplante Renteneintrittsalter. Basierend auf Daten der BIBB / BAuA Erwerbstatigenbefragung 201...