Arbeitspapier
Changing identity: Retiring from unemployment
Using data from the German Socio-Economic Panel from 1984-2009, we follow persons from their working life into their retirement years and find that, on average, employed people maintain their life satisfaction upon retirement, while long-term unemployed people report a substantial increase in their life satisfaction when they retire. These results are robust to controlling for changes in other life circumstances and suggest that retiring is associated with a switch in the relevant social norms that causes an increase in identity utility for the formerly unemployed. This is supportive of the idea that, by including identity in the utility function, results from the empirical life satisfaction literature can be reconciled with the economic theory of individual utility.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 3540
- Klassifikation
-
Wirtschaft
General Welfare; Well-Being
Retirement; Retirement Policies
- Thema
-
life satisfaction
retirement
unemployment
identity
social norm
Altersgrenze
Zufriedenheit
Arbeitslosigkeit
Erwerbsverlauf
Persönlichkeitspsychologie
Soziale Norm
Deutschland
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hetschko, Clemens
Knabe, Andreas
Schöb, Ronnie
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2011
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:46 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Hetschko, Clemens
- Knabe, Andreas
- Schöb, Ronnie
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2011
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