Nicola Fuchs-Schündeln, President of the WZB Berlin Social Science Center

Title: Assessing Hypothetical Scenarios for Estimating Labor Supply Responses: Evidence from a Pension Reform
Abstract: We assess the validity of survey results on labor supply responses to policy changes by comparing actual and stated labor supply responses in the context of a German pension reform. This allows us to evaluate whether surveys could be useful tools for policy makers to predict labor supply responses, and to investigate heterogeneities in responses beyond what is possible in administrative data.