This contribution analyses early retirement in Germany and Switzerland with a focus on financial resources. Using data from CH-SILC linked to administrative records and the German SOEP, we distinguish three different financial resources: namely, pre-retirement labour income, net worth and pension entitlements. High labour income reduces the probability for early retirement. In contrast, high pension entitlements are associated with early retirement. Private wealth also plays an important role in early retirement, but differs with regard to the relevance of the asset components between the two countries. Although the pension system moderates the influence of financial resources on retirement behaviour, the direction of the effects is consistent across the countries once pension entitlements are accounted for.

这篇文章分析了德国和瑞士的提前退休，重点是财务资源。使用来自与行政记录和德国 SOEP 相关联的 CH-SILC 的数据，我们区分了三种不同的财务资源：即退休前的劳动收入、净资产和养老金权利。高劳动收入降低了提前退休的可能性。相比之下，高养老金权利与提前退休有关。私人财富在提前退休方面也发挥着重要作用，但两国资产构成的相关性不同。尽管养老金制度缓和了金融资源对退休行为的影响，但一旦考虑到养老金权利，其影响的方向在各国是一致的。