The Role of Firm Pensions for Job Change in Germany
Birgitta Rabe
Schmollers Jahrbuch : Journal of Applied Social Science Studies / Zeitschrift für Wirtschafts- und Sozialwissenschaften, 2005, vol. 125, issue 1, 63-74
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.
JEL-codes: C35 J31 J32 J63 J68 (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:aeq:aeqsjb:v125_y2005_i1_q1_p63-74
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