Pension rules and labour market mobility / Marloes Lammers (SEO Economic Research), Hans Bloemen (Vrije Universiteit Amsterdam, Tinbergen Institute, Netspar and IZA), Stefan Hochguertel (Vrije Universiteit Amsterdam, Tinbergen Institute and Netspar) ; IZA Institute of Labor Economics
VerfasserLammers, Marloes ; Bloemen, Hans G. In der Gemeinsamen Normdatei der DNB nachschlagen ; Hochgürtel, Stefan In der Gemeinsamen Normdatei der DNB nachschlagen
KörperschaftForschungsinstitut zur Zukunft der Arbeit In der Gemeinsamen Normdatei der DNB nachschlagen
ErschienenBonn, Germany : IZA Institute of Labor Economics, June 2017
Elektronische Ressource
Umfang1 Online-Ressource (34 Seiten) : Diagramme
SerieDiscussion paper ; no. 10840
URNurn:nbn:de:hbz:5:2-135003 Persistent Identifier (URN)
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Pension rules and labour market mobility [0.29 mb]
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This paper makes use of a natural experiment to examine effects of potential capital losses and general attractiveness of pension schemes on employees' propensity to change jobs. On January 1st 2004, the two largest pension funds in the Netherlands, for civil servants and for the health care sector, changed their pension scheme from a final salary to an average salary. This industry-level change excludes the possibility that a negative correlation between having a job with an attractive pension scheme and the number of labour market transitions is driven by self-selection of workers into jobs with an attractive pension arrangement. Using individual data covering the entire Dutch population, we estimate discrete choice models for job-to-job transitions. The results show that the number of job transitions of civil servants significantly increased at the onset of the new pension rules. The changing pension rules affected the propensity to change jobs for individuals working in the health care sector only to a smaller extent.