Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/168279
Authors: 
Endler, Johannes
Geyer, Johannes
Year of Publication: 
2017
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2017: Alternative Geld- und Finanzarchitekturen - Session: Postersession P00-V12
Abstract: 
Unemployment benefits are one important option to bridge time between employment exit and claiming retirement benefits for older workers. We develop an option value model that explicitly accounts for the pension system and unemployment insurance in Germany. We use administrative panel data and implement the model for female birth cohorts of 1940 to 1949, exploiting exogenous variation in social security wealth by the pension reform 1992 and the reform of unemployment benefits in 2004.
JEL: 
H55
J14
J22
J26
J65
Document Type: 
Conference Paper

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