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Does Departure from the Labour Market Equal Retirement? Why the Retirement Age is Only Part of the Story

Author

Listed:
  • Stefan Arent
  • Michael Kloß

Abstract

Unemployed persons in Germany receive at least 60% of their last net salary in the form of unemployment benefit I (Arbeitslosengeld I or ALG I) and receive pension entitlements amounting to 80% of their last gross salary. Moreover, the maximum period of entitlement to unemployment benefit I increases with age. This raises the question of whether incentives are created to use unemployment as an "early pension".

Suggested Citation

  • Stefan Arent & Michael Kloß, 2012. "Does Departure from the Labour Market Equal Retirement? Why the Retirement Age is Only Part of the Story," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 65(23), pages 20-26, December.
    • Handle: RePEc:ces:ifosdt:v:65:y:2012:i:23:p:20-26
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    File URL: https://www.ifo.de/DocDL/ifosd_2012_23_2.pdf
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    More about this item

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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