Hetschko, Clemens; Knabe, Andreas; Schöb, Ronnie - CESifo - 2011
including identity in the utility function, results from the empirical life satisfaction literature can be reconciled with the … retirement years and find that, on average, employed people maintain their life satisfaction upon retirement, while long …-term unemployed people report a substantial increase in their life satisfaction when they retire. These results are robust to …