The Declining Pension Wealth of Employment for the Birth Cohorts 1935–1974 in Germany

Mika Tatjana ()
Additional contact information
Mika Tatjana: Forschung und Entwicklung, Deutsche Rentenversicherung, Berlin, Germany

Statistics, Politics and Policy, 2022, vol. 13, issue 1, 97-117

Abstract: Social inequality in the labor market leads to similarly unequal pension entitlements. From a life-course perspective, however, there are two components of inequality in the labor market: the degree of stability of employment until retirement, as well as the amount of gross income earned in periods of employment. The following analysis focuses on working-life and income trajectories of the birth cohorts 1935–1974 in East and West Germany until age 40. The results demonstrate a structural shift in the German labor market towards less stable employment in the first half of the working career. The labor market therefore offered increasingly less stable employment, with an especially stark negative trend for East Germans. Only West German women born after 1945 experienced a positive trend in employment stability. For employees of all birth cohorts, the analysis demonstrates that instability in the employment career has a strong negative effect on income and, subsequently, on pension wealth. The impact of income discrimination against those with less employment stability thus remained similar for the later-born despite the more widespread experience of employment interruptions.

Keywords: pension wealth; income inequality; cohort study; working careers; employment stability (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/spp-2021-0022 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:statpp:v:13:y:2022:i:1:p:97-117:n:5

Ordering information: This journal article can be ordered from
https://www.degruyter.com/journal/key/spp/html

DOI: 10.1515/spp-2021-0022

Access Statistics for this article

Statistics, Politics and Policy is currently edited by Joel A. Middleton

More articles in Statistics, Politics and Policy from De Gruyter
Bibliographic data for series maintained by Peter Golla ().