Festgelegt auf Unsicherheit: Private Altersvorsorgeentscheidungen in der flexiblen Arbeitsgesellschaft

Publication Details
Wilke, F.
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Abstract The article addresses the link between labor-market flexibilization and individual retirement, which has been a neglected research topic. On a theoretical level two opposing research propositions can be derived from existing research: (1) From the perspective of neoclassical saving theory labor-market flexibilization should increase retirement saving due to higher income needs at retirement age. (2) From the perspective of sociological labormarket research, however, a different hypothesis can be derived. If people in flexible employment positions are reluctant towards long term commitments, retirement saving should decrease. These theoretical positions will be empirically tested by means of a hybrid longitudinal analysis using GSOEP data from Germany (2004-2010) on signing a private pension contract. The results are: Flexible employment does indeed lead to higher expected financial needs, but this does not lead to retirement saving – on the contrary, people in insecure labor-market positions are less willing to save for old-age. In-depth analyses show that this relation is especially strong if the saving decision entails a long time-span. It is further shown that the model of rationality in the first theoretical position is only empirically relevant for those in a secure labor-market position. Hence, a flexible society seems to be incompatible with the image of rational action such as defined by economists.

Alter Sparen Sozialpolitik Flexibilisierung Arbeitsmarkt Riester-Rente SOEP


Last updated on 2019-25-07 at 17:36