Looking Back in Anger? Retirement and Unemployment Scarring

Clemens Hetschko, Andreas Knabe and Ronnie Schöb
Authors registered in the RePEc Author Service: Ronnie Schoeb

No 4784, CESifo Working Paper Series from CESifo

Abstract: Previous studies find that past unemployment reduces life satisfaction even after reemployment for non-monetary reasons (unemployment scarring). It is not clear, however, whether this scarring is only caused by employment-related factors, such as worsened working conditions, or increased future uncertainty as regards income and employment. Using German panel data, we identify non-employment-related scarring by examining the transition of unemployed people to retirement as a life event after which employment-related scarring does not matter anymore. We find evidence for non-employment-related non-monetary unemployment scarring for people who were unemployed for the first time in their life directly prior to retirement, but not for people with earlier unemployment experiences.

Keywords: unemployment scarring; life satisfaction; retirement (search for similar items in EconPapers)
JEL-codes: I31 J26 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Looking Back in Anger? Retirement and Unemployment Scarring (2019)
Working Paper: Looking Back in Anger?: Retirement and Unemployment Scarring (2014)
Working Paper: Looking back in anger? Retirement and unemployment scarring (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_4784

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