Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/213943
Authors: 
Merz, Joachim
Year of Publication: 
2018
Series/Report no.: 
FFB Diskussionspapier 107
Abstract: 
Quality of life and satisfaction with life are of particular importance for individuals as well as for society concerning the "demographic change" with now longer retirement periods. This study will contribute to the life satisfaction discussion and quantifies life satisfaction and pattern of explanation before and after such a prominent life cycle event, the entrance into retirement. In particular, with the individual longitudinal data and 33 waves of the Socio-Economic Panel (SOEP) and the appropriate microeconometric causal fixed effects robust panel methods we ask and quantify if actual life satisfaction indeed is decreasing before retirement, is increasing at the entrance into retirement, and is decreasing then after certain periods back to a foregoing level. Thus, we ask if such an anticipation and adaptation pattern - as known from other prominent events - is also to discover for life satisfaction before and after retirement in Germany. Main result: Individual and family situation lift life satisfaction after retirement for many years, the (former) occupational situation, however, absorbs this effect both for pensioners and civil service pensioners. It remains only one period of improvement with close anticipation and adaptation at entering retirement but no furthermore significant change compared to pre-retirement life satisfaction. This holds for pensioners (German pension insurance, GRV) but there is no significant effect at all for civil service pensioners.
Subjects: 
retirement
life-satisfaction
happiness
retirement
anticipation and adaptation effects
fixed-effect regression
Socio-Economic Panel (SOEP)
Germany
Renteneintritt
Lebenszufriedenheit
Antizipations- und Adaptionseffekte
Fixed-Effects-Regression
Sozio-oekonomisches Panel (SOEP)
Deutschland
JEL: 
I31
J26
J14
J17
A13
C23
Document Type: 
Working Paper

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