This paper analyses the determinants of observed exits from employment for people aged 45-59 years old in the context of the Spanish labour market in 1981-2006. The main aim of the paper is to identify the effect of the business cycle (BC) on the timing and the type of exit route out of the...

The Social Security system is Spain provides four different types of permanente disability pensions which are granted according to the severity of the disabling condition and the remaining capacity to work that is left for these individuals. Therefore, the system is designed to allow for a...

In this paper we analyze the trends in labor force participation and transitions to benefit programs of older workers in relation to health trends as well as recent Social Security reforms. Our preliminary conclusions are pessimistic regarding the effect of health improvements on the labor...

Fixed-term contracts have low firing costs and can thus help low skilled youth find a first job faster. But do these workers get a more rewarding career? Using Spanish social security data, we compare the careers of native male high-school dropouts who entered the labor market just before and...