Showing 1 - 10 of 357
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
Much of the research in labor economics during the 1980s and the early 1990s was devoted to the analysis of changes in the wage structure across many of the world's economies. Only recently, has research turned to the analysis of mobility in its various guises. From the life cycle perspective,...
Persistent link: https://www.econbiz.de/10012774438
savings for public transfer schemes such as unemployment or early retirement benefits …
Persistent link: https://www.econbiz.de/10013050971
We estimate a model of the joint participation and mobility along with the individuals' wage formation in France. Our model makes it possible to distinguish between unobserved person heterogeneity and state-dependence. We estimate the model using state of the art bayesian methods employing a...
Persistent link: https://www.econbiz.de/10013318035
Using data on executive compensation for the German chemical industry, we investigate the relevance of two theoretical approaches that focus on bonuses as part of a long term wage policy of a firm. The first approach argues that explicit bonuses serve as substitutes for implicit career concerns....
Persistent link: https://www.econbiz.de/10013136492
This paper provides a new way of analyzing tenure profiles in wages, by modelling simultaneously the evolution of wages and the distribution of tenures. We develop a theoretical model based on efficient bargaining, where both log outside wage and log wage in the current job follow a random walk,...
Persistent link: https://www.econbiz.de/10012780583
The European Employment Strategy has set the goal of raising the retirement age of workers in the EU through a strategy … supranational policy initiatives and national politico-economic factors in shaping the transition from work to retirement in EU … the approach of firms and workers to early retirement. Policy changes influence actors' behavior in the medium run and …
Persistent link: https://www.econbiz.de/10013129931
context of work and retirement patterns in Indonesia, Korea, the United States, and the United Kingdom. As is common in many … developing countries, China can be characterized as having two retirement systems: a formal system, under which urban employees … receive generous pensions and face mandatory retirement by age 60, and an informal system, under which rural residents and …
Persistent link: https://www.econbiz.de/10013118526
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
Earlier studies conclude that spouses' retirement strategies are not independent from each other and that policies … retirement age legislation in France as well as a retirement policy change to identify the effect of own and spousal retirement … significant jumps in the own retirement probability at the legal early retirement age for both men and women in a couple. We also …
Persistent link: https://www.econbiz.de/10013099778