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The effect of pension wealth on employment

  • 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.

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Metadaten
Document Type:Working Paper
Language:English
Author(s):Sebastian Becker, Hermann Buslei, Johannes Geyer, Peter Haan
Hertie Collections (Serial Number):Berlin School of Economics Discussion Papers (9)
Publication year:2023
Publishing Institution:Hertie School
Number pages:49
Related URL:https://berlinschoolofeconomics.de/insights/bse-discussion-papers
DOI:https://doi.org/10.48462/opus4-4702
Release Date:2023/01/03
Tag:pension reform, pension wealth elasticity, female labour supply, retirement, differences in differences
Edition:No. 9
Hertie School Research:BerlinSchoolOfEcon_Discussion_Papers
Licence of document (German):Creative Commons - CC BY - 4.0 International
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