The Interaction of Pension System and Unemployment Insurance - Evidence from two Reforms

Johannes Endler and Johannes Geyer

VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking from Verein für Socialpolitik / German Economic Association

Abstract: Unemployment benefits are one important option to bridge time between employment exit and claiming retirement benefits for older workers. We develop an option value model that explicitly accounts for the pension system and unemployment insurance in Germany. We use administrative panel data and implement the model for female birth cohorts of 1940 to 1949, exploiting exogenous variation in social security wealth by the pension reform 1992 and the reform of unemployment benefits in 2004.

JEL-codes: H55 J14 J22 J26 J65 (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-age, nep-eur, nep-ias and nep-pbe
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc17:168279

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