The Role of Firm Pensions for Job Change in Germany
This paper studies the role of occupational pensions for voluntary job mobility in Germany. The analysis is based on individual data from the German Socio-Economic Panel (SOEP) for the period 1995-1998. We estimate the effects of pension portability loss on voluntary job changes using a sample selection model with bootstrapping. The main findings are that occupational pension coverage reduces worker mobility by imposing a capital loss on those leaving their job before retirement age. A higher compensation in pension-covered jobs is important too.
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Volume (Year): 125 (2005)
Issue (Month): 1 ()
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