Job displacement and the transitions to re-employment and early retirement for non-employed older workers
Despite the relatively higher frequency of job displacement among older workers in Europe, little is known about its effect on the work-retirement decision. Employing individual data from the European Community Household Panel for a number of countries with differences in their institutional environments, the effect of job displacement for non-employed workers is identified separately for the transitions into re-employment and retirement. The findings suggest that in countries with relatively more generous unemployment insurance provisions for the older unemployed, which offer a pathway to early retirement, older displaced workers exhibit lower re-employment and higher retirement rates compared to the non-displaced. These results are robust to dynamic selection due to unobserved heterogeneity and to the endogeneity of displacement.
Year of publication: |
2010
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---|---|
Authors: | Tatsiramos, Konstantinos |
Published in: |
European Economic Review. - Elsevier, ISSN 0014-2921. - Vol. 54.2010, 4, p. 517-535
|
Publisher: |
Elsevier |
Keywords: | Job displacement Unemployment duration Retirement Institutions |
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