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dc.contributor.authorHetschko, Clemensen_US
dc.contributor.authorKnabe, Andreasen_US
dc.contributor.authorSchöb, Ronnieen_US
dc.date.accessioned2011-09-05T15:06:19Z-
dc.date.available2011-09-05T15:06:19Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/49295-
dc.description.abstractUsing data from the German Socio-Economic Panel from 1984-2009, we follow persons from their working life into their retirement years and find that, on average, employed people maintain their life satisfaction upon retirement, while long-term unemployed people report a substantial increase in their life satisfaction when they retire. These results are robust to controlling for changes in other life circumstances and suggest that retiring is associated with a switch in the relevant social norms that causes an increase in identity utility for the formerly unemployed. This is supportive of the idea that, by including identity in the utility function, results from the empirical life satisfaction literature can be reconciled with the economic theory of individual utility.en_US
dc.language.isoengen_US
dc.publisherFreie Univ., Fachbereich Wirtschaftswiss. Berlinen_US
dc.relation.ispartofseriesSchool of Business & Economics Discussion Paper: Economics 2011/11en_US
dc.subject.jelI31en_US
dc.subject.jelJ26en_US
dc.subject.ddc330en_US
dc.subject.keywordlife satisfactionen_US
dc.subject.keywordretirementen_US
dc.subject.keywordunemploymenten_US
dc.subject.keywordidentityen_US
dc.subject.keywordsocial normen_US
dc.subject.stwAltersgrenzeen_US
dc.subject.stwZufriedenheiten_US
dc.subject.stwArbeitslosigkeiten_US
dc.subject.stwErwerbsverlaufen_US
dc.subject.stwPersönlichkeitspsychologieen_US
dc.subject.stwSoziale Normen_US
dc.subject.stwDeutschlanden_US
dc.titleChanging identity: Retiring from unemploymenten_US
dc.typeWorking Paperen_US
dc.identifier.ppn66546746Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:fubsbe:201111-
Appears in Collections:Diskussionsbeiträge, FB Wirtschaftswissenschaft, FU Berlin

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