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In order to face the aging of their populations governments of developed countries reformed their retirement systems …
Persistent link: https://www.econbiz.de/10008859664
This paper studies the impact of raising the eligibility age of early retirement on the re-integration into the labor market of elderly unemployed workers. I exploit two Austrian pension reforms increasing the early retirement age step-wise for different quarter-of-birth cohorts. Empirical...
Persistent link: https://www.econbiz.de/10012316861
Despite substantial increases in longevity, the age of retirement in the industrialized countries has steadily fallen throughout most of the 20th century. In France, for instance, the employment-population ratio of 55-64 year-old males fell from 74% in 1970 to 38.5% in 2000. In most other OECD...
Persistent link: https://www.econbiz.de/10010261553
There are two major barriers to increasing employment of older workers. First, older workers engaged in codifiable, routine tasks are particularly prone to the risk of being displaced by computers and robots. Second, several countries have in place various labour market institutions that...
Persistent link: https://www.econbiz.de/10012390461
Persistent link: https://www.econbiz.de/10002238255
We study how occupations shape individual and aggregate retirement behavior. First, we document large differences in individual retirement ages across occupations in U.S. data. We then show that retirement behavior among European workers is strongly correlated with U.S. occupational retirement...
Persistent link: https://www.econbiz.de/10014251290
We study the relationship between age and literacy skills using data from the IALS, ALL and PIAAC surveys. In cross-sectional data there is a negative partial relationship between literacy skills and age that is statistically significant indicating that literacy declines with age, especially...
Persistent link: https://www.econbiz.de/10011497120
both government revenues and expenditures. For example, population aging will increase expenditures on the elderly while … both demographic changes and economic growth. Rapidly aging economies like the Republic of Korea; Japan; and Taipei … still-growing working-age populations. Overall, our simulation results indicate that Asia's population aging will adversely …
Persistent link: https://www.econbiz.de/10011579017
In this study we examine the contribution of severance pay to employment and unemployment development using data on industrialized OECD countries. Our starting point is Lazear?s (1990) empirical dictum that severance payment requirements adversely impact the labor market. We extend his sample...
Persistent link: https://www.econbiz.de/10010261645
In this paper we investigate the importance of labor market institutions such as unemployment insurance, unions, firing regulation and minimum wages for the evolution of wage inequality across countries. We derive a simple log-linear equation of the wage differential as a function of the...
Persistent link: https://www.econbiz.de/10010262039