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Occupational pensions, wages, and job mobility in Germany

Rabe, B (2007) 'Occupational pensions, wages, and job mobility in Germany.' Scottish Journal of Political Economy, 54 (4). 531 - 552. ISSN 0036-9292

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Abstract

Pension-covered workers in Germany are three times less likely to change jobs than workers not covered by an occupational pension scheme. This paper examines the effects of occupational pension coverage and pension portability loss on voluntary job changes using a sample selection model with endogenous switching. The model estimates, derived from western German panel data for 1985-1998, indicate that occupational pension coverage reduces worker mobility by imposing a capital loss on those leaving their job before retirement age. Moreover, pension-covered workers receive a higher compensation, which discourages mobility. Making pensions portable increases mobility, but from a low initial level. © 2007 Scottish Economic Society.

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Social Sciences > Institute for Social and Economic Research
Depositing User: Jim Jamieson
Date Deposited: 20 Sep 2013 09:14
Last Modified: 30 Jan 2019 16:15
URI: http://repository.essex.ac.uk/id/eprint/7815

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