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Unemployment, human capital depreciation and pension benefits: an empirical evaluation of German data

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2012

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Journal of Pension Economics and Finance. Cambridge University Press. 2012, 11(2), pp. 223-241. ISSN 1474-7472. eISSN 1475-3022. Available under: doi: 10.1017/S1474747211000321

Zusammenfassung

This paper investigates empirically how unemployment-induced employment-breaks at different career stages influence pension benefits. The analysis is based on German data. I distinguish four different career phases and investigate to what extent the prevailing social security policy compensated for earning losses. The results suggest that (1) losses in pension benefits were the greatest if unemployment occurred in the middle of a career (between 31 and 50); (2) social security policies have had a mitigating effect on losses in pension benefits. These findings indicate that institutions have a decided influence on how career patterns translate into pension benefits.

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ISO 690POTRAFKE, Niklas, 2012. Unemployment, human capital depreciation and pension benefits: an empirical evaluation of German data. In: Journal of Pension Economics and Finance. Cambridge University Press. 2012, 11(2), pp. 223-241. ISSN 1474-7472. eISSN 1475-3022. Available under: doi: 10.1017/S1474747211000321
BibTex
@article{Potrafke2012Unemp-49145,
  year={2012},
  doi={10.1017/S1474747211000321},
  title={Unemployment, human capital depreciation and pension benefits: an empirical evaluation of German data},
  number={2},
  volume={11},
  issn={1474-7472},
  journal={Journal of Pension Economics and Finance},
  pages={223--241},
  author={Potrafke, Niklas}
}
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