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Erscheinungsjahr: 
2014
Schriftenreihe/Nr.: 
SOEPpapers on Multidisciplinary Panel Data Research No. 652
Verlag: 
Deutsches Institut für Wirtschaftsforschung (DIW), Berlin
Zusammenfassung: 
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.
Schlagwörter: 
unemployment scarring
life satisfaction
retirement
JEL: 
I31
J26
Dokumentart: 
Working Paper

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