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. -- Older workers ; labor market institutions ; employment ; employment protection ; welfare state ; pensions ; retirement …
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This paper discusses the specificities of the labor market for older workers. It discusses the implications of those specificities for the effect of labor market institutions on the employability of those workers. It shows that while unemployment benefits indexed backwards and hiring costs are...
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incompatible with a model of retirement in which tastes for work gradually shift with age toward leisure and hours may be freely … choices consisting of a high-paying year-round job and low-paying part-time work. Therefore, someone approaching retirement …
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retirement from 67 to 62 for a group of workers. For the individuals we study, the expected present value of benefits was held …
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