Unemployment, Human Capital Depreciation and Pension Benefits: An Empirical Evaluation of German Data

Niklas Potrafke

No 2011-05, Working Paper Series of the Department of Economics, University of Konstanz from Department of Economics, University of Konstanz

Abstract: This paper investigates empirically how unemployment-induced employment-breaks at different career stages influence pension benefits. The analysis is based on German data. I distinguish four different career phases and investigate to what extent the prevailing social security policy compensated for earning losses. The results suggest that (1) losses in pension benefits were the greatest if unemployment occurred in the middle of a career (between 31 50); (2) social security policies have had a mitigating effect on losses in pension benefits. These findings indicate that institutions have a decided influence on how career patterns translate into pension benefits.

Keywords: employment histories; career interruptions; pension benefits; social security policy; human capital depreciation; institutions (search for similar items in EconPapers)
JEL-codes: H55 I38 J24 J26 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2011-04-25
New Economics Papers: this item is included in nep-age, nep-eur, nep-hrm and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Unemployment, human capital depreciation and pension benefits: an empirical evaluation of German data* (2012)
Working Paper: Unemployment, human capital depreciation and pension benefits: An empirical evaluation of German data (2012)
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