Most micro-labour supply models presented in the literature embody the implicit assumption that the coefficients of the explanatory variables are stable over the range of variation for annual hours of work. In this paper we discuss reasons why this may not be true. A two-stage consistent...

In this paper we evaluate the impact of the old-age part-time scheme (OAPT) on the Austrian labour market which was a policy to allow flexible retirement options for the elderly with an aim to increase labour supply. According to our matching estimates employment probability increases slightly,...