out of unemployment because they become eligible to receive pension benefits. We use a unique dataset covering the … unemployment histories (longitudinal data) of individuals born between 1940 and 1965 who were registered with any of the public … time period 1996-2015. We examine the transition from unemployment to retirement as a multi-year process. We analyse …

Unemployment benefits are one important option to bridge time between employment exit and claiming retirement benefits … for older workers. We develop an option value model that explicitly accounts for the pension system and unemployment …, exploiting exogenous variation in social security wealth by the pension reform 1992 and the reform of unemployment benefits in …