abstract: 'Over the last 10 years the German pension system has undergone several

  reforms including the abandonment of early retirement policies and an

  increase in the statutory retirement age. Consequently, the average

  retirement age has increased and future retiree cohorts have adjusted

  the retirement expectations and preferences as to when they would like

  to retire.

  This study was carried out to examine discrepancies between the expected

  and the preferred retirement age of older workers in Germany and to

  investigate how these discrepancies differ between groups of older

  workers.

  Based on data from the survey ``Employment after retirement{''''}, the

  expected and preferred retirement ages of 1500 workers aged 55 years and

  older were compared. Regression analyses were used to investigate the

  influence of educational level and professional position on deviances

  between the expected and preferred retirement ages.

  On average older workers would like to retire 1.75 years earlier than

  they actually expect to. The deviance is significantly larger for

  employees with a lower professional position, lower income and lower

  educational level.

  The discrepancy between expected and preferred retirement ages, in

  particular for older workers in vulnerable labor market positions,

  indicates a potential social inequality regarding the choice of

  retirement timing. This must be acknowledged when considering further

  reforms of the German pension system.'
affiliation: 'Hess, M (Corresponding Author), Univ Mannheim, Mannheim Ctr European
  Social Res MZES, D-68131 Mannheim, Germany.

  Hess, Moritz, Univ Mannheim, Mannheim Ctr European Social Res MZES, D-68131 Mannheim,
  Germany.'
author: Hess, Moritz
author-email: moritz.hess@mzes.uni-mannheim.de
author_list:
- family: Hess
  given: Moritz
da: '2023-09-28'
doi: 10.1007/s00391-016-1053-x
eissn: 1435-1269
files: []
issn: 0948-6704
journal: ZEITSCHRIFT FUR GERONTOLOGIE UND GERIATRIE
keywords: 'Retirement; Occupational status; Social class; Public policy; Social

  inequality'
keywords-plus: LONGITUDINAL ANALYSIS; CAREER; TREND; WORK
language: English
month: JAN
number: '1'
number-of-cited-references: '29'
orcid-numbers: Hess, Moritz/0000-0003-4095-6448
pages: 98-104
papis_id: 39788f30624b37d2859b3148185dcb7b
ref: Hess2018expectedpreferred
researcherid-numbers: Hess, Moritz/AAD-1845-2022
times-cited: '24'
title: Expected and preferred retirement age in Germany
type: Article
unique-id: WOS:000422973000017
usage-count-last-180-days: '1'
usage-count-since-2013: '14'
volume: '51'
web-of-science-categories: Geriatrics \& Gerontology; Gerontology
year: '2018'