Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/96853
Authors: 
Hetschko, Clemens
Knabe, Andreas
Schöb, Ronnie
Year of Publication: 
2014
Series/Report no.: 
CESifo Working Paper 4784
Abstract: 
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.
Subjects: 
unemployment scarring
life satisfaction
retirement
JEL: 
I31
J26
Document Type: 
Working Paper

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