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.
- Language
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Englisch
- Bibliographic citation
-
Series: CESifo Working Paper ; No. 3540
- Classification
-
Wirtschaft
General Welfare; Well-Being
Retirement; Retirement Policies
- Subject
-
life satisfaction
retirement
unemployment
identity
social norm
Altersgrenze
Zufriedenheit
Arbeitslosigkeit
Erwerbsverlauf
Persönlichkeitspsychologie
Soziale Norm
Deutschland
- Event
-
Geistige Schöpfung
- (who)
-
Hetschko, Clemens
Knabe, Andreas
Schöb, Ronnie
- Event
-
Veröffentlichung
- (who)
-
Center for Economic Studies and ifo Institute (CESifo)
- (where)
-
Munich
- (when)
-
2011
- Handle
- Last update
-
10.03.2025, 11:46 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Hetschko, Clemens
- Knabe, Andreas
- Schöb, Ronnie
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2011
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Does Reducing Unemployment Benefits During a Recession Reduce Youth Unemployment? Evidence from a 50% Cut in Unemployment Assistance
Changing identity: Retiring from unemployment
Changing Identity: Retiring from Unemployment
Changing Identity : Retiring from Unemployment
Unemployment and identity
Tracing the Changing Measures of Unemployment in Dutch Unemployment Statistics 1900-1940
From unemployment benefits to unemployment accounts
From unemployment benefits to unemployment support
Unemployment and unemployment compensation from a global perspective
Transition Intensities from Unemployment
Unemployment through learning from experience
The changing economic advantage from private school