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dc.contributor.authorHetschko, Clemensen
dc.contributor.authorKnabe, Andreasen
dc.contributor.authorSchöb, Ronnieen
dc.date.accessioned2011-09-05T15:06:19Z-
dc.date.available2011-09-05T15:06:19Z-
dc.date.issued2011-
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
dc.language.isoengen
dc.publisher|aFreie Universität Berlin, Fachbereich Wirtschaftswissenschaft |cBerlinen
dc.relation.ispartofseries|aDiskussionsbeiträge |x2011/11en
dc.subject.jelI31en
dc.subject.jelJ26en
dc.subject.ddc330en
dc.subject.keywordlife satisfactionen
dc.subject.keywordretirementen
dc.subject.keywordunemploymenten
dc.subject.keywordidentityen
dc.subject.keywordsocial normen
dc.subject.stwAltersgrenzeen
dc.subject.stwZufriedenheiten
dc.subject.stwArbeitslosigkeiten
dc.subject.stwErwerbsverlaufen
dc.subject.stwPersönlichkeitspsychologieen
dc.subject.stwSoziale Normen
dc.subject.stwDeutschlanden
dc.titleChanging identity: Retiring from unemployment-
dc.typeWorking Paperen
dc.identifier.ppn66546746Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:fubsbe:201111en

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