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The Role of Firm Pensions for Job Change in Germany

Author

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  • Birgitta Rabe

Abstract

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.

Suggested Citation

  • Birgitta Rabe, 2005. "The Role of Firm Pensions for Job Change in Germany," Schmollers Jahrbuch : Journal of Applied Social Science Studies / Zeitschrift für Wirtschafts- und Sozialwissenschaften, Duncker & Humblot, Berlin, vol. 125(1), pages 63-74.
    • Handle: RePEc:aeq:aeqsjb:v125_y2005_i1_q1_p63-74
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    Citations

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    Cited by:

    1. John S. Heywood & Uwe Jirjahn, 2015. "The German Labor Market for Older Workers in Comparative Perspective," Research Papers in Economics 2015-02, University of Trier, Department of Economics.
    2. John S. Heywood & Uwe Jirjahn, 2016. "The hiring and employment of older workers in Germany: a comparative perspective [Die Beschäftigung und Neueinstellung älterer Arbeitnehmer in Deutschland: Eine vergleichende Perspektive]," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 49(4), pages 349-366, December.

    More about this item

    JEL classification:

    • C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
    • J68 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Public Policy

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