This study provides novel evidence about the pension wealth elasticity of employment. For the identification we exploit … reform-induced variation of pension wealth that is related to the number of children but which does not affect the implicit … insurance and find that, on average, the negative employment effect of pension wealth is significant and economically important …

This study provides novel evidence about the pension wealth elasticity of employment. For the identification we exploit … reform-induced variation of pension wealth that is related to the number of children but which does not affect the implicit … insurance and find that, on average, the negative employment effect of pension wealth is significant and economically important …