In this paper I examine the effects of occupational pension coverage and measures of pension portability loss on voluntary job changes using a sample selection model with endogenous switching. The model estimates, derived from German panel data for 1995-1998, indicate that occupational pension coverage reduces worker mobility by imposing a capital loss on those leaving their job before retirement age. Moreover, pension-covered workers receive a higher compensation which discourages mobility. Making pensions portable significantly increases mobility, but from a low initial level.
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Paper provided by Institute for Social and Economic Research in its series ISER working papers with number
2006-04.
Length: 26 Date of creation: 10 Feb 2006 Date of revision: Publication status: published Handle: RePEc:ese:iserwp:2006-04
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