TY - RPRT A1 - Becker, Sebastian A1 - Buslei, Hermann A1 - Geyer, Johannes A1 - Haan, Peter T1 - The effect of pension wealth on employment N2 - This study provides novel evidence about the pension wealth elasticity of employment. For the identification we exploit reform-induced variation of pension wealth that is related to the number of children but which does not affect the implicit tax rate of employment. We use a difference-in-differences estimator based on administrative data from the German pension insurance and find that, on average, the negative employment effect of pension wealth is significant and economically important. Heterogeneity analyses document a strong age pattern showing that the employment effects are driven by behavioral responses of women close to retirement. The age pattern is partly explained by the positive effect of pension wealth on disability pensions after the age of 60. T3 - Berlin School of Economics Discussion Papers - 9 KW - pension reform, pension wealth elasticity, female labour supply, retirement, differences in differences Y1 - 2023 UR - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:kobv:b1570-opus4-47027 UR - https://berlinschoolofeconomics.de/insights/bse-discussion-papers ET - No. 9 ER -