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propose an equilibrium unemployment approach to retirement decisions that allows us to unveil the factors which explain why …As a preliminary step, we first provide some new empirical evidence that labor market conditions affect retirement …: the retirement decision of unemployed workers depends on the labor-market frictions whereas that of employed workers does …
Persistent link: https://www.econbiz.de/10013106958
unemployment benefits for older workers helps explain the low rate of employment just before the early retirement age. Decreasing … activity not only decreases the participation rate by inducing early retirement, but also badly affects the employment rate of … older workers just before early retirement age. Countries with an early retirement age at 60 also have lower employment …
Persistent link: https://www.econbiz.de/10012780624
This paper explores how extended unemployment insurance (UI) benefits targeted to older workers affect early retirement … entire early retirement system, which often includes extended UI and relaxed access to disability insurance (DI). We argue … that extended UI generates program complementarity (increased take-up of UI followed by DI and/or regular retirement …
Persistent link: https://www.econbiz.de/10013083366
This paper studies how an increase in the minimum retirement age affects the labor market behavior of older workers …. Between 2000 and 2006 the Austrian government gradually increased the early retirement age from 60 to 62.2 for men and from 55 … empirical analysis suggest that this policy change reduced retirement by 19 percentage points among affected men and by 25 …
Persistent link: https://www.econbiz.de/10013121921
We investigate how Japanese men aged 60-74 adjust their workforce attachment after beginning to receive a public pension. Men who were employees at age 54 gradually move to part-time work or retire after beginning to receive pension benefits; those who continue working are more likely to be...
Persistent link: https://www.econbiz.de/10013001853
, there is a sufficiently short distance to retirement for which flat unemployment benefits can be the optimal contract as the … optimal contract that integrates unemployment insurance and retirement pension systems …This paper shows that optimal unemployment insurance contracts are age-dependent. Older workers have only a few years …
Persistent link: https://www.econbiz.de/10012757644
In general, retirement is seen as a pure labor supply phenomenon, but firms can have strong incentives to send … expensive older workers into retirement. Based on the seniority wage model developed by Lazear (1979), we discuss steep … seniority wage profiles as incentives for firms to dismiss older workers before retirement. Conditional on individual retirement …
Persistent link: https://www.econbiz.de/10013016305
policies in France. Finally we show that the age-dynamics of employment is optimal when the Hosios condition holds and we …
Persistent link: https://www.econbiz.de/10013317215
Parental leave regulations in most OECD countries have two key policy instruments: job protection and cash benefits. This paper studies how mothers' return to work behavior and labor market outcomes are affected by alternative mixes of these key policy parameters. Exploiting a series of major...
Persistent link: https://www.econbiz.de/10013316004
policy to allow flexible retirement options for the elderly with an aim to increase labour supply. According to our matching …. Furthermore, the programme seems to reduce the measured unemployment risk. However, the total number of hours worked is …
Persistent link: https://www.econbiz.de/10013158660